Charlotte Company's net income last year was $88,000. Changes in the company's balance sheet accounts for the year appear below (Decreases) Asset and Contra-Asset Accounts Cash Accounts receivable Prepaid expenses Long-term investments Property, plant and equipment Accumulated depreciation 33,000 S 26,000 $(33,000) 8,500 $ 44,000 74,000 50,000 Liability and Equity Accounts: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $(33,000) $23,000 53,000 $(64,000) S 34,000 72,500 The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend $15,500. a. Prepare the operating activities section of the company's statement of cash figws for the year. (Use the indirect method.) (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.) of Cash Flows Operating activities: Click to select) (Click to select) Click to select) (Click to select) Click to select) (Click to select) (Click to select) Click to select) Net cash (Clck to select) |operating activeles esc