Cash Flow from Operating Activities (Indirect Method) Cairo Company had a $24,000 net loss from operations. Depreciation expense for the year was $9,600, and a dividend of $5,000 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 $7,000 29,000 53,000 9,000 8,000 7,600 $3,500 Accounts receivable 16,000 50,000 6,000 Accounts payable 12,000 6,000 Cash Inventory Prepaid expenses Accrued liabilities 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 Use negative signs with cash outflow answers. Net Loss Add (deduct) items to convert net loss to cash basis Depreciation Accounts Receivable Inventory Prepaid Expenses Accounts Payable Accrued Liabilities Cash Provided by Operating Activities Cairo Company's operating activities cash