Use the following letters to answer the following questions. Decide first if the activity is an operating, financing or investing activity. Then consider if you would add this activity to the cash flow statement or substract it from the cash flow statement. Use the letters below. 1 = financing activity that adds to cash flow 2 = financing activity that subtracts from cash flow 3 = operating activity that add to cash flow 4= operating activity that subtracts from cash flow 5 = investing activity that add to cash flow 6 = investing activity that subtracts from cash flow Depreciation expense is recorded for the period, Accounts payable decreased during the period Prepaid expenses decreased during the period, Use the following letters to answer the following questions. Decide first if the activity is an operating, financing or investing activity. Then consider if you would add this activity to the cash flow statement or substract it from the cash flow statement. Use the letters below. 1 = financing activity that adds to cash flow 2 = financing activity that subtracts from cash flow 3 = operating activity that add to cash flow 4= operating activity that subtracts from cash flow 5 = investing activity that add to cash flow 6 = investing activity that subtracts from cash flow Depreciation expense is recorded for the period, Accounts payable decreased during the period Prepaid expenses decreased during the period