The income statement and comparative balance sheets for Leonardo Inc. can be viewed by clicking on the links below. No depreciable assets were purchased or sold during the period; therefore, the increase in Accumulated Depreciation is due to depreciation expense for the period. Complete the operating activities section of the statement of cash flows. Use a minus sign (-) to indicate an outflow of cash. No sign is needed to indicate an inflow of cash.

o indicate an outnow of cash. No sian is needed to indicate an inflow of cas Income tatement Leonardo Inc. Income Statement For the Year Ended December 31, 2013 Sales Cost of merchandise sold Gross profit Operating expenses Depreciation expense Other operating expenses Total operating experises $367,200 190.944 $176,256 3,840 121,008 124 848 ::::Income from operations: 51108 Other revenue and expense Interest revenue Gain o sale of land Incorme betore taxes income taxe Neinre 5720 3/360 4,080 55 188 1688 s 0.800