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Edward Lee and Rash Hall are examining the following turmary of cash flows for Flint Company for the year enaled January is, 2025 Edward claims that this summary shows that Flint had a superb first year, with cash increasing $41,020. Ruth replies that it was not a superb first year. Rather, she says, the year was an operating failure and that $41,020 is not the actual increase in cash. The cash balance at the beginning of the year was $138,760. Using the data provided, determine the net income/(loss) for the year ended January 31, 2025. Depreciation expense was $54,700. (Enter negative amounts using elther a negative sign preceding the number eg. -45 or parentheses eg (45)) Prepare a statement of cash flows in proper form using the indifect method The only rancich iteria in the income statement are depredatioe and the grin from the sale of the investment. Phow anounts that decreose cash fow with either a-sign eg - 15.000 or in porenthesis eg (15,00014) Question 3 of 4 \& 1.62/20 eTextbock and Media