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Cash Flows from (Used for) Operating Activities The net income reported on the income statement...

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Accounting

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Cash Flows from (Used for) Operating Activities The net income reported on the income statement for the current year was $269,300. Depreciation recorded on equipment and a bullding amounted to $80,500 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: a. Prepare the Canh flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the migus nign ta Indicate cash outfiows, cash gavments, decreases in cash, or any neoative adfustmenth

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