Cosh flows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $118,900. Depreclation recorded on store equipment for the year amounted to $19,600. Balances of the current asset and current lability accounts at the beginning and end of the year are as follows: a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, Using the indirect method. Use the minus sign to indicate cash outfiows, cash payments, decreases in cash; or any: negative adjustments. Statement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Changes in current operating assets and liabilies: b. Cash flows from operating activities differs from net income because it does not use the lof accounting. For example revenues are recorded on the income statement when