Question: Please Help. good thumbs up will be left. hopefully someone can answer this. Edward Lee and Fouth Hall are examining the following surremary of cash



Edward Lee and Fouth Hall are examining the following surremary of cash fows for Flint Compary for the year ended Jarvary 31,2025 Edward claims that this summary shows that Flint had a superb first year, with cash increasing $41,020. Ruth replies that it was not a superb first year. Rather, she says, the year was an operating failure and that $41,020 is not the actual increase in cash. The cash balance at the beginning of the year was $138,760. Using the data provided, determine the net income/loss) for the year ended January 31, 2025. Depreclation expense was $54,700, (Enter negntive amounts usirg ether a negative stan preceding the number eg. 45 or porentheser es (45.) Net incoene (loss) Prepare a statement of cash flows in proper form using the indlicect method. The anify noncash items in the income statement are depreciation and the gain from the sale of the invertment. (Show amount that decrease cosh fow with either a-sign es 15,000 or in parenthesises {15,000}} parcithesises (15000) )
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