Answer Happy

The net income reported on the income statement for the current
year was $246,400. Depreciation recorded on equipment and a
building amounted to $73,700 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
receivableDepreciation
Decrease in accounts receivableDecrease in salaries
payableDepreciationIncrease in accounts receivableDecrease in
accounts receivable
Decrease in inventoriesIncrease in accounts receivableIncrease
in inventoriesIncrease in prepaid expensesIncrease in
inventories
Decrease in prepaid expenses increase in accounts
payableIncrease in accounts receivableIncrease in prepaid
expensesDecrease in prepaid expenses
Decrease in accounts payable Decrease in salaries
payableDepreciationIncrease in accounts payableDecrease in accounts
payable
Decrease in salaries payableIncrease in accounts receivable
Increase in prepaid expenses Increase in salaries payableIncrease
in salaries payable