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Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from...

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Accounting

Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. Depreciation expense for the year was $8,600, and a dividend of $6,000 was declared and paid. The balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

End Beginning
Cash $4,550 $9,100
Accounts receivable 20,800 32,500
Inventory 65,000 68,900
Prepaid expenses 7,800 11,700
Accounts payable 15,600 10,400
Accrued liabilities 6,500 9,880

Did Cairo Company's operating activities provide or use cash? Use the indirect method to determine your answer.

Use negative signs with cash outflow answers.

Net Loss $Answer
Add (deduct) items to convert net loss to cash basis
Depreciation Answer
Accounts Receivable AnswerIncreaseDecrease Answer
Inventory AnswerIncreaseDecrease Answer
Prepaid Expenses AnswerIncreaseDecrease Answer
Accounts Payable AnswerIncreaseDecrease Answer
Accrued Liabilities AnswerIncreaseDecrease Answer
Cash Provided by Operating Activities $Answer
Cairo Company's operating activities AnswerProvidedUsed $Answer cash.

Please answer all parts of the question.

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