The statement of income of Oriole Corporation is shown below:

ORIOLE CORPORATION

Statement of Income

Year Ended October $31,2023$

Sales

Cost of goods sold

Gross profit

Operating expenses $$317,500$

Depreciation expense $,32,000,\frac{349,500}{\text{\$}471,500}$

Additional information:

Accounts receivable increased $$109,000$ during the year.

Inventory increased $$61,500$ during the year.

Prepaid expenses increased $$51,250$ during the year.

Accounts payable to merchandise suppliers increased $$74,500$ during the year.

Accrued expenses payable increased $$44,000$ during the year.

Using the direct method, prepare the operating activities section of the statement of cash flows for the year ended October $31,2023.$

$($Show amounts that decrease cash flow with either $a=$ sign eg$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

ORIOLE CORPORATION

Statement of Cash Flows $($partial$)$

For the Year Ended October $31,2023$

Cash Flows from Operating Actlvitles

Cash Recelved from Customers

Cash Pald to Suppliers

$

Cash Pald for Operating Expenses