FloorCo, Inc. has provided data from its previous year of operations. The Controller has asked you to prepare the Operating Activities Section of the Statement of Cash Flows. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell -C6" was entered, the formula would output the result from cell C6, or 75,000 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), (minus sign to subtract), (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell -D13+D14" was entered, the formula would add the values from those cells and output the result, or 35,200 in this example. If using the other math symbols the result would output an appropriate answer for its function SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell -SUM(D7,D8,D9)" was entered, the formula would output the result of adding those three separate cells, or 402,000 in this example. Similarly, if in a blank cell "-SUM(D7:D9)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 402,000 in this example 1 The following information is for FloorCo, Inc. for the year just ended: Beginning of year 4 End of year 5 Current assets: 6 Cash 7 Accounts receivable 8 Inventory 9 Prepaid expenses 10 11 Current liabilities 12 Accounts payable 13 Accrued liabiities 14 Income taxes payable 75,000 $90, 158,000 285,000 140,000 246,000 16,000 11,000 284,000 9,500 27,000 302,000 11,200 24,000 15 16 Net income 17 $94,500 18 Accumulated depreciation 19 total credits 20 21 Floor Company did not record any gains or losses during the year. 45,000 23 Prepare a schedule of net cash provided by operating activities. 24 25 26 27 28 Net income 29 Adjustments to convert net income to a cash basis: 30 Depreciation 31 Increase in accounts receivable 32 Increase in inventory 33 Decrease in prepaid expenses 4 Decrease in accounts payable 35 Decrease in accrued liabilities 36 Increase in income taxes payable 37 Net cash provided by operating activities FloorCo, Inc. Operating Activities Section of the Statement of Cash Flows 38