Chapter /3 229 EXERCISE 13-2 , The net income reported on the income statement of Hunter Inc. for the current year was $150,000. Depreciation recorded on equipment and building amounted to $45,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning f Year Cash Trade receivables (net)... Inventories . Prepaid expenses. Accounts payable (merchandise creditors. Salaries payable 42,875 $36,250 147,500 137,500 10937593. 9,250 11,875 57,000 40,000 7,625 10,625 Instructions: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect methood