Exercise 12-2A Use the indirect method to determine cash flows from operating activities LO 12-1 Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets: Account Title Accounts receivable Accounts payable Year 2 $15,000 8,500 Year 1 $19,500 9.500 The Year 2 income statement showed net income of $28,800. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net cash flow from operating activities S