Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities....

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Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2024 fiscal year was $674,000. Depreciation and amortization expense of $97,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable Required: $ 32,000 10,200 9,500 11,000 12,000 Prepare the operating activities section of the 2024 statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income for the 2024 fiscal year was $674,000. Depreciation and amortization expense of $97,000 was included with operating expenses in the income statement. The following information describes the changes in current assets and liabilities other than cash: Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Increase in salaries payable Decrease in income taxes payable Required: $ 32,000 10,200 9,500 11,000 12,000 Prepare the operating activities section of the 2024 statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities