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Multiple-Choice Exercise 11-7 Mullinix Inc. reported the following information: net income, $40,000; decrease in accounts receivable, $10,000; decrease in accounts payable, $8,000; and depreciation expense, $6,000. What amount did Mullinix report as cash flow from operating activities on its statement of cash flows? Oa. $16,000 Ob. $36,000 Oc. $48,000 Od. $64,000Cornerstone Exercise 11-18 Classification of Cash Flows A review of the statement of financial position of Petarch Company Led. revealed the following changes in the account balances: Required: Classify each change in the statement of financial position account as a cash flow from operating activities (indirect method), a cash flow from investing activities, a cash flow from financing activities, or a non-cash investing and financing activity. a. Increase in long-term investment Increase in accounts receivable C. Increase in common shares Increase in long-term debt e. Decrease in accounts payable f. Decrease in supplies inventory g. Increase in prepaid insurance Operating Investing Financing Financing or Operating Noncash investing and financing