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Question: nt cash flow statementindirect method 25 shown below is...

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Nt . Cash Flow Statement-indirect method (25%) Shown below is information from the financial statements of Taurus Corporation for 2018: End of Beginning of Year 201,000$221,000 249,000 $233,000 12,000 177,000 25,500 Year Accounts receivable Inventory Short-term prepayments Accounts payable (for merchandise) Accrued operating expenses payable Accrued income taxes payable Net sales $9,500 $170,000 $33,200 15,500 $12,600 $801,000 $465,000 Cost of goods sold perating expenses (including depreciation of $40,000) Income taxes expense $39,000 (a) On the basis of the above information, prepare a partial statement of cash flows, showing the computation of net cash flows from operating activities by the indirect method. (b) Explain why net income is different from the net cash provided by operations.
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