using the following template for the indirect method, prepare the operating activity section of the statement of cash flow's using the information below:

The net income report on the income statement for the current year was $320,000. Depreciation recorded and fixed assets in amortization of patents for the year were $54,000 and $19,000, respectively. Balances of current asset and current liability accounts are at the end and at the beginning of the year are as follows:

Step 1 0000 Step 2 Step 3 Increase Decreasa) Net income on 3 XXX Adjustments to reconcile net income to net cash flow from operating activities, Depreciation of fixed assets XXX Amortization of intangibles xxx Losses on disposal of assets XXX Gains on disposal of assets Changes in current operating assets and abilities increases in cash current operating Decases in nonch current operating at XOCX Increases in current operating abilities XOOX Deo in comun penting abilities XXX Net cath flow from operating activities 5 XOOX or SEXXXO Subtract Add Increases in accounts receivable Decreases in accounts receivable Increase in wory Decreases inventory Increases indepenses Decreases in prepaid expenses Decrease in cont payable Increases in accounts payable Deca in accrued expense payable Increase in accrued expenses payable Decreases in incompati Inowaces in income te payable The net income reported on the income statement for the current year was $320,000 Depreciation recorded on fixed assets and amortization of patents for the year were $54,000 and $19,000, respectively, Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories Prepaid expenses Accounts payable (merchandise creditors) End $ 50,000 112,000 105,000 4,500 75,000 Beginning $ 60,000 108,000 93,000 6,500 89,000 110,000.00 4,000.00 -12,000.00 2,000.00 - 14,000.00 $320,000 net income depreciation of fixed assets amortization of intangible assets losses on disposal of assets gains on disposal of assets changes in current operating assets and liabilities increases in non cash current operqting ssets decreases in noncash current operating assets increases in current operating liabilities decreases in current operating liabilities net cash flow from operating activities