The statement of income for Carla Vista Ltd., a private company reporting under ASPE, is presented here: Carla Vista Ltd. Statement of Income Year Ended September 30, 2024 Sales $11,990,000 Cost of goods sold 7,513,000 Gross profit 4,477,000 Operating expenses 2,518,000 Income from operations 1,959,000 Interest expense 195,900 Income before income tax 1,763,100 499,500 Income tax expense Net income $1,263,600 Additional information regarding 2024: L Operating expenses include $24,500 of depreciation expense and a $375,500 impairment loss on equipment. Accounts receivable decreased by $81,500. 2. 3. Inventory increased by $151.500. 4. Prepaid expenses related to operating expenses decreased by $61.000. 5. Deferred revenue received from customers decreased by $169,500. 6. Interest payable decreased by $150,000. 7. Accounts payable to suppliers of inventory decreased by $249,500. 8. Rent payable related to operating expenses increased by $29.500. 9. Income tax payable increased by $96,500. 4 (a) Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e.g. (15,000).) CARLA VISTA LTD. Statement of Cash Flows (Partial) Adjustments to reconcile net income to $ G Adjustments to reconcile net income to Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Deferred Revenue Decrease in Income Tax Payable Decrease in Interest Payable Decrease in Inventory Decrease in Prepaid Expenses Decrease in Rent Payable Depreciation Expense Impairment Loss on Equipment Increase in Accounts Payable Increase in Accounts Receivable Increase in Deferred Revenue Increase in Income Tax Payable Increase in Interest Payable Increase in Inventory Increase in Prepaid Expenses Increase in Rent Payable Net Income eTextbook and Media $ $ Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash eTextbook and Media e A