please explain calculations

Monty Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Monty as of May 31, 2020, are as follows. The company is preparing its statement of cash flows. MONTY COMPANY COMPARATIVE BALANCE SHEET AS OF MAY 31 2020 2019 Current assets Cash $28,100 $19,900 Accounts receivable 75,300 58,200 218.000 251,000 Inventory Prepaid expenses Total current assets 9,100 6,900 330,500 336,000 Plant assets 602,000 506,200 Plant assets Less: Accumulated depreciation-plant assets 149,400 125,400 Net plant assets 452,600 380.800 Total assets $783,100 $716,800 $122,800 $115,100 Current liabilities Accounts payable Salaries and wages payable Interest payable 47.600 71,300 26,900 25.000 Total current liabilities 197,300 211,400 Long-term debt Bonds payable 70,000 100,000 Total liabilities 267,300 311,400 Stockholders' equity Common stock, $10 par 370,000 280,000 Retained earnings 145,800 125,400 515.800 405,400 Total stockholders' equity Total liabilities and stockholders' equity $783.100 $716,800 MONTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED MAY 31, 2020 Sales revenue $1,251,900 Cost of goods sold 727,900 Gross profit 524,000 Expenses 253,000 Salaries and wages expense Interest expense 74,200 Depreciation expense 24,000 Other expenses 8,200 359,400 Total expenses Operating income 164,600 Income tax expense 43,200 Net income $121,400 The following is additional information concerning Monty's transactions during the year ended May 31, 2020. 1. 2. 3. 4. 4 . All sales during the year were made on account. All merchandise was purchased on account, comprising the total accounts payable account. Plant assets costing $95,800 were purchased by paying $25,800 in cash and issuing 7,000 shares of stock. The "other expenses" are related to prepaid items. All income taxes incurred during the year were paid during the year. In order to supplement its cash, Monty issued 2,000 shares of common stock at par value. Cash dividends of $101.000 were declared and paid at the end of the fiscal year. 5. 6. 7. Prepare a statement of cash flows for Monty Company for the year ended May 31, 2020, using the direct method. (A reconciliation of net income to net cash provided is not required.) (Show amounts in the investing and financing sections that decrease cash flow with either a-signe.g. -15,000 or in parenthesise.g. (15,000).) MONTY COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Received from Customers $ 1.234.800 Cash payments: Cash Payment to Suppliers $ (687,200) i Cash Payment to Employees (276,700) i Cash Payment for Other Expenses (10,400) i Cash Payment for Interest (72,300) Me Cash Payment for Income Taxes (43,200) (1,089,800) Net Cash Provided by Operating Activities 145.000 Cash Flows from Investing Activities Purchase of Plant Assets (25,800) Cash Flows from Financing Activities Cash Paid to Retire Bonds Payable $ (30,000) Cash Paid for Dividends (101,000) Cash Received from Common Stock Issue 20.000 Net Cash Used by Financing Activities (111,000) Net Increase in Cash 8.200 Cash, June 1, 2019 19,900 Cash, May 31, 2020 S 28.100 Using the indirect method, calculate only the net cash flow from operating activities for Monty Company for the year ended May 31, 2020. (Show amounts that decrease cash flow with either a-signe.g.-15,000 or in parenthesis eg. (15,000).) MONTY COMPANY Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to L } >