Question 1 of 5 - / 10 III View Policies Current Attempt in Progress The current assets and liabilities sections of the comparative balance sheet of Carla Vista Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: CARLA VISTA INC. Comparative Balance Sheet Accounts 2021 2020 Cash $74,250 $78,750 Accounts receivable 48.000 30,750 Inventory 24,375 34,500 Prepaid expenses 5,625 4,350 Accounts payable 32,250 27,000 Accrued expenses payable 3.750 6.000 Dividends payable 18,000 12,750 Income taxes payable 5.100 8,850 CARLA VISTA INC. Income Statement Year Ended October 31, 2021 Sales $468,750 Cost of goods sold 292,500 Gross profit 176,250 Operating expenses $66.000 Depreciation expense 17,250 Loss on sale of equipment 6.000 89,250 Profit before income taxes 87,000 Income taxes 21.750 Profit $65,250 De WinslowS Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow Windows with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) CARLA VISTA INC. Cash Flow Statement (Partial) V Adjustments to reconcile profit to $ $ TE Windows TEAM NEWin