Problem 12-197 [LO 12-2] 22 100 points Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Selected Balance Sheet Accounts Prior Year Current Year Accounts Receivable $22,700 $15,500 Inventories 31,000 34.100 Prepaid Rent 2.100 Accounts Payable 17,600 Salaries and Wages Payable 4,200 6.300 22,88 8012345 Income Statement Sales Revenue Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income 5465,000 268,000 33.000 46,500 18.688 18,680 17,050 15,5ea $ 49,750 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Net Income 49.750 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense Changes in current assets and current abilities MC IGA