The simple statement of financial performance for Jack’s Blinds is shown below.

Required

(a) Prepare the net cash flows from operating activities for the year ended 30 June 2025 for Jack’s Blinds using the indirect method.

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JACK'S BLINDS Statement of financial performance for the year ended 30 June 2025 Sales Less: Cost of sales Beginning inventory Purchases Goods available for sale Ending Inventory Cost of sales Gross profit Expenses Selling expenses Profit Administrative expenses $ 68 500 160 000 228 500 $ 435 000 58 500 170 000 265 000 75 000 91 500 166 500 $ 98 500 Additional information 1. Accounts receivable increased by $8250 during the year. 2. Accounts payable to suppliers of inventory increased by $3250 during the year. 3. Wages payable decreased by $6250 during the year (including selling expenses). 4. Administrative expenses include depreciation expense of $31 500.