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Shamrock Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company, The comparative balance sheet and income statement

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Shamrock 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 Shamrock as of May 31,2025, are as follows. The company is preparting its statement of cash flows. Stockholders' equity \begin{tabular}{lrlr} Common stock, \$10 par & 370,000 & 280,000 \\ Retained earnings & 139,000 & 124,500 \\ Total stockholders' equity & 509,000 & 404,500 \\ \hline Total liabilities and stockholders' equity & $777,100 & $718,200 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{l} Shamrock Company \\ Income Statement \\ For the Year Ended May 31, 2025 \end{tabular}} \\ \hline Sales revenue & $1,245,800 \\ \hline Cost of goods sold & 715,200 \\ \hline Gross profit & 530,600 \\ \hline Expenses & \\ \hline Salaries and wages expense & 249,800 \\ \hline Interest expense & 74,200 \\ \hline Depreciation expense & 26,300 \\ \hline Other expenses & 8,100 \\ \hline Total expenses & 358,400 \\ \hline Operating income & 172,200 \\ \hline Income tax expense & 42,600 \\ \hline Net income & $129,600 \\ \hline \end{tabular} The following is additional information concerning Shamrock's transactions during the year ended May 31, 2025. 1. All sales during the year were made on account. 2. All merchandise was purchased on account, comprising the total accounts payable account. 3. Plant assets costing $90,500 were purchased by paying $19,500 in cash and issuing 7,100 shares of stock. 4. The "other expenses" are related to prepaid items. 5. All income taxes incurred during the year were paid during the year: 6. In order to supplement its cash, Shamrockissued 1,900 shares of common stock at par value. 7. Cash dividends of $115,100 were declared and paid at the end of the fiscal year. Using the indirect method, calculate only the net cash flow from operating activities for Shamrock Company for the year ended May 31, 2025. (Show amounts that decrease cash ffow with elther a-sign eg. 15,000 or in parenthesis es. (15,000) )

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