The net income reported on the income statement for the current year was $252,800. Depreciation recorded on equipment an

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The net income reported on the income statement for the current
year was $252,800. Depreciation recorded on equipment and a
building amounted to $75,600 for the year. Balances of the current
asset and current liability accounts at the beginning and end of
the year are as follows:
Question Content Area
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.
Decrease in prepaid expensesDepreciationIncrease in
inventoriesNet incomeNet income
Decrease in accounts payableDecrease in accounts
receivableDepreciationIncrease in accounts receivable
Decrease in accounts receivableDecrease in salaries
payableDepreciationIncrease in accounts receivable
Decrease in inventoriesIncrease in accounts receivableIncrease
in inventoriesIncrease in prepaid expenses
Decrease in prepaid expensesIncrease in accounts payableIncrease
in accounts receivableIncrease in prepaid expenses
Decrease in accounts payableDecrease in salaries
payableDepreciationIncrease in accounts payable
Decrease in salaries payableIncrease in accounts
receivableIncrease in prepaid expensesIncrease in salaries
payable