Additional information: 1. Accounts receivable decreased $383,500 during the year, and inventory decreased $262,400. 2. Prepaid expenses increased $150,600 during the year. 3. Accounts payable to suppliers of imventory decreased $351,000 during the year. 4. Accrued expenses payable decreased $99,300 during the year. 5. Administrative expenses include depreciation expense of $109,100. Brossom company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,741,000 Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income $1,871,700 4,377,100 6,248,800 1,609,300 4,639,500 3,101,500 451,800 691.600 1,143,400 $1,958,100