Exercise D13-4 Your answer is partially correct. Try again 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. December 31, 2016 $480,000 670,000 387,000 90,000 December 31, 2015 $380,000 760,000 326,000 110,000 vable Inventories Accounts Payable Accrued Liabilities 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 or in 1,252,000 to net 60,000 100,000 in 90,000 61,000 Cash flows from operating activities Net income / (loss) Adjustments to net income 123,.0 1,252,000 ation 60,000 100,000 90,000 61,000 u: Decrease in accrued liabilities 20,000 91,000 Net cash provided by operating activities LINK TO VIDEO K TO TEXT Question Att