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Use the following income statement and information about changes in non-cash current assets and current...

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Accounting

Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the indirect method: (List any loss, cash outflow or deduction in cash as negative amounts.)
Eyelashes and More Co.
Income Statement
For Year Ended May 31,2023
Sales $ 2,830
Cost of goods sold 1,429
Gross profit $ 1,401
Operating expenses:
Depreciation expense $ 225
Other expenses 1,120
Total operating expenses 1,345
Loss on sale of long-term investment 91
Profit (loss) from operations $ (35)
Income tax expense 0
Profit (loss) $ (35)
Changes in current asset and current liability accounts during the year were as follows:
Accounts receivable $ 105 decrease
Inventory 41 increase
Prepaid insurance 5 increase
Accounts payable 25 increase
Accrued liabilities 14 decrease

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