eBook Cash flows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $126,600. Depreciation recorded on store equipment for the year amounted to $20,900. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year $50,890 36,490 49,820 5,600 47,680 26,060 Cash Accounts receivable (net) Inventories Show Me How Prepaid expenses Accounts payable (merchandise creditors) Wages payable $46,820 34,600 52,670 4,450 44,290 28,930

Cash fows from (used for) operating activities-indirect method The net income reported on the income statement for the current year was $126,600. Depreciation fecorded on store equipment for the year amounted to $20,900, Balances of the current asset and current liability 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 cais foss, wsing the indirect method, Use the minus sign to indicate cash. outhows, cash payments, decreases in cash, or any negative adjustrients. Statement of Cash Flows (partial)