Crane company

Income Statement

For the Year Ended November $30,2025$

Sales revenue

$$7,663,600$

Cost of goods sold

Beginning inventory

Purchases

Goods available for sale

Ending inventory

Total cost of goods sold

Gross profit

perating expenses

Selling expenses

Administrative expenses

Net income

$$1,878,300$

$4,387,900$

$6,266,200$

$1,575,000$

$\frac{4,691,200}{2,972,400}$

Additional information:

Accounts receivable decreased $$386,900$ during the year, and inventory decreased $$303,300.$

Prepaid expenses increased $$148,000$ during the year.

Accounts payable to suppliers of inventory decreased $$348,300$ during the year.

Accrued expenses payable decreased $$98,000$ during the year.

Administrative expenses include depreciation expense of $$112,000.$

Prepare the operating activities section of the statement of cash flows for the year ended November $30,2025,$ for C using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.15\mathrm{.}000$ or in parenthesice

CRANE COMPANY

Statement of Cash Flows $($Partial$)-$ Indirect Method

$

Adjustments to reconcile net income to