this is my third time asking the same question on Chegg. Can someone please do it correctly this time. If you dont know the answer dont answer it you are wasting my money and your time.

Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash $3 $ 6 Accounts receivable 22 24 Inventory 50 40 Total current assets 75 70 240 200 65 50 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets 175 150 $250 $ 220 Liabilities and Stockholders' Equity $36 Accounts payable Common stock $40 150 145 Retained earnings 60 39 Total liabilities and stockholders' equity $ 250 $ 220 For this year, the company reported net income as follows: Sales Cost of goods sold. Gross margin Selling and administrative expenses Net income This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: Using the direct method, convert the company's income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) 2297/5) $ 275 150 125 $35 X Answer is complete but not entirely correct. Carmono Company Direct Method of Determining the Net Cash flows from Operating activities Sales $ 275 Adjustments to a cash basis: Increase in accounts receivable 2 277 Decrease in accounts payable Cost of goods sold 150 Adjustments to a cash basis: Increase in inventory 10 Increase in accounts payable (4) Decrease in accounts payable 156 Selling and administrative expenses 90 Adjustments to a cash basis: Depreciation (15) Decrease in accrued liabilities Net cash provided by operating activities X $ 75 46