the net income reported on the income statement for the current year was $132,000. Depreciation recorded on store equipment for the year amounted to $21,800. 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 $52,300 $48,200
Accounts receivable (net) 37,500 35,600
Merchandise inventory 51,200 54,220
Prepaid expenses 6,000 4,600
Accounts payable (merchandise creditors) 49,000 45,600
Wages payable 26,800 29,800
Prepare the cash flows from Operating Activities section of the statement of cash flows, using the indirect method.