Ch 12 Homework Question 16 of 18 < View Policies Current Attempt in Progress The income statement of Flint Company is presented here. Flint Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,479,300 Cost of goods sold Beginning inventory $1,921,300 Purchases 4,350,300 Goods available for sale 6,271,600 Ending inventory 1,595.900 Total cost of goods sold 4,675,700 Gross profit 2,803,600 Operating expenses Selling expenses 458,100 Administrative expenses 687,700 1,145,800 Net income $1,657,800 Additional information: 1. Accounts receivable decreased $380,300 during the year, and inventory decreased $325,400. 2. Prepaid expenses increased $150,200 during the year. 3. Accounts payable to suppliers of inventory decreased $355,200 during the year. 4. Accrued expenses payable decreased $101,600 during the year. 5. Administrative expenses include depreciation expense of $107,900. -/13 Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) FLINT COMPANY Statement of Cash Flows (Partial) - Direct Method eTextbook and Media Save for Later Assistance Used Attempts: 0 of 3 used Submit Answer SUPPORT