CD Sales, Inc.

Statement of Cash Flows $($Partial$)$

For the Month Ended July $2024$

Cash Flows from Operating Activities:

Net Income

Adjustments to Reconcile Net Income to Net Cash

Provided by $($Used for$)$ Operating Activities:

Depreciation Expense

$

Decrease in Accounts Receivable Increase in Merchandise Inventory

Increase in Accounts Payable

$

$50,000$

$2,000$

$3,500$

$(10,000)$

$4,000$

Net Cash Provided by $($Used for$)$ Operating Activities

$

$(500)$

$49,500$