Cheyenne Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,734,400 Cost of goods sold Beginning inventory $1,920,800 Purchases 4,344,800 Goods available for sale 6,265,600 Ending inventory 1,585,700 Total cost of goods sold 4,679,900 Gross profit 3,054,500 Operating expenses Selling expenses 454,100 Administrative expenses 713,100 1,167,200 Net income $1,887,300 1. 2. 3. Accounts receivable decreased $386,500 during the year, and inventory decreased $335,100. Prepaid expenses increased $151,600 during the year. Accounts payable to suppliers of merchandise decreased $343,800 during the year. Accrued expenses payable decreased $101,900 during the year. Administrative expenses include depreciation expense of $109,400. 4. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Cheyenne Corp. using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis eg. (15,000).) Cheyenne Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to Cheyenne Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ ( . ( $