Plz explain me the formula with answers..

This course is so tough for me

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Accountants for Carlson Landscaping Ltd. have assembled the following data for the year ended December 31, 2023:

Required

1.Prepare Carlson Landscaping Ltd.'s cash flow statement using the indirect method to report operating activities. Include a note regarding non-cash investing and financing activities.2.Evaluate Carlson Landscaping Ltd.'s cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation.

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Part 1

Requirement 1. Prepare Carlson Landscaping

Ltd.'s cash flow statement using the indirect method to report operating activities. Include a note regarding non-cash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted or for negative cash flows.)

Carlson Landscaping Ltd. Cash Flow Statement For the Year Ended December 31, 2023 Cash flows from operating activities Net income Add (subtract) items that affect net income and cash flow differently: Amortization expense Gain on sale of investment Decrease in accounts receivable Increase in inventory Increase in prepaid expenses Decrease in note payable, short-term Increase in accounts payable Decrease in income tax payable Increase in accrued liabilities Net cash inflow from operating activities Current accounts Transaction data