The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage. Before adjustment, the principal is 200,000 dollars, monthly interest rate is .4 percent, the total number of monthly payments remaining is 360, and the monthly payment is 1,059.85. After adjustment, the principal is 187,000, the monthly interest rate is 0.5 percent, the total number of payments remaining is 336, and the monthly payment is 1,162.56. The change in interest rate shown in the charts resulted in a lower interest rate. a higher principal. a higher monthly payment. a higher number of payments.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000