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Part $1$

Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the$$ statement:

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Identify each item as$$ a$($n$)$:

bullet$$ Operating activitylong dash$$addition to net income$($O$+)$ or subtraction from net income $($Ominus$)$

bullet$$Investing activitylong dash$$cash inflow$($I$+)$ or cash outflow $($Iminus$)$

bullet$$Financing activitylong dash$$cash inflow$($F$+)$ or cash outflow $($Fminus$)$

bullet$$Activity that is not used to prepare the indirect statement of cash flows$($N$)$

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Part $1$

a$.$

Increase in accounts payable