A company reports the following: Net Income of $95,000 Depreciation Expense of $50,000 Increase in Prepaid Rent of $40,000 Increase in Accounts Payable of $23,000 Increase in Income Tax Payable of $20,000 Prepare the operating activities section of the statement of cash flows using the indirect method. When completed correctly, there will be one blank row above the Net cash flows from operating activities row. (Amounts to be subtracted and negative values should be indicated by a minus sign.)
__ COMPANY Statement of Cash Flows (partial) Cash Flows from Operating Activities Adjustments for noncash effects: Changes in current assets and current liabilities: Net cash flows from operating activities