n/takeAssign takeAs eBook Show Me How Cash Flows from Operating Activities-Indirect Method The net income reported on the income statement for the current year was $185,000. Depreciation recorded on equipment and a building amounted to $96,000 for the year. Balances of the current asset and current Nability accounts at the beginning and end of the year are as follows End of Year Beginning of Year Cash 75,000 84,550 186,200 3,600 Accounts payable (merchandise creditors)91,500 7,200 $86,150 90,000 175,000 4,500 110,000 4,000 Accounts receivable (net) Prepaid expenses Salaries payable a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Statement of Cash Flows (partial) Cash flows from operating actvities Mall has new messages