Current Attempt in Progress

Flint Ltd$.$ shows a patent on its statement of financial position. At its year end of October $31,2022,$ the caption read Patent $($net$)$ $$61,500$ and at its year end of October $31,2023,$ the caption read Patent $($net$)$ $$49,500.$ Flint's recorded amortization on the patent in the amount of $$5,000$ for the $2023$ fiscal year and the remaining change in the account resulted from recording a loss on impairment for the year ended October $31,2023.$ There were no purchases or sales of patents during the year.

Determine the necessary caption$($s$)$ and amount$($s$)$ that should appear on Flint's statement of cash flows, using the indirect method. Indicate where the item$($s$)$ would appear on the statement $($the operating, investing, or financing section$($s$)).($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000)).$

Flint Ltd$.$

Statement of Cash Flow $($Partial$)$

For the Year Ended October $31,2023$

Adjustments to reconcile net income to