takeAssignment/takeAssignment Main.do?invokerStakeAssignmentSessionLocator Binprogress=false E Cash Flows from Operating Activities -- Indirect Method The net income reported on the income statement for the current year was $93,700. Depreciation recorded on store equipment for the year amounted to $31,200. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $24,100 $19,700 Accounts receivable (net) 65,000 56,000 Inventories 47,200 50,000 Prepaid expenses 3,250 B,000 Accounts payable (merchandise creditors) 23,400 17.200 Wages payable 5,300 0.400 minuission to indicate Wages payable 6,00 Prepare the cash flows from operating activities section of the statement of cash flows, using the Indirect method. Use the mission to Sdicats Gish outfios, cash payments, decreases i tash, or any negative adjustments Statement of Cash Flows partial) Cash flows from operating activities Net in 93.700 Aestments to recondi come to nutcrum arating activities Deprecation Changes in current operating assets and liabilities Increase in accents receivable Decrease in inventoret Dhe in prepaid expenses Increase in accounts mayabile Decrease in Web Het cow lumbarating activities