Exercise 13-4 Perkins Co.'s current asset and liability balances for the past two years are as follows. Net income for 2016 was $1,252,000, and depreciation expense was $60,000. Accounts Receivable Inventories Accounts Payable Accrued Liabilities December 31, 2016 $480,000 670,000 387,000 90,000 December 31, 2015 $380,000 760,000 326,000 110,000 Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for 2016. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from operating activities Net cash by operating activities Click if you would like to Show Work for this question: Open Show Work