Question: Cosh flows from (used for) operating activites-indirect method The net income reported op the income statement for the current year was $121,400, Depreciation recorded on

 Cosh flows from (used for) operating activites-indirect method The net income
reported op the income statement for the current year was $121,400, Depreciation

Cosh flows from (used for) operating activites-indirect method The net income reported op the income statement for the current year was $121,400, Depreciation recorded on store equipment for the vear amounted to $20,000. Balances of the current assot and current liability account at the beginning and end of the vear are as follows: a. Prepare the "Cosh flows from (used for) operating activities" section of the stotement of cash foivs, using the indirect method. Use the minus sign to indicace cash buthows, cash payments, decreases in cach, or arr negative adjustrments: Statement of Cast Flows (partial)

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