Current Artempt in Progress The Income statement of Vaughn Company is presented here. VAIKUIN COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7491,300 Cost of goods sold Beginning inventory $1.901.400 Purchases 4.309,700 Goods available for sale 6,211.100 Ending inventory 1.719,800 Total cost of goods sold 4,491,300 3,000,000 Gross profit Operating expenses Selling expenses 457.000 Administrative expenses 717,300 1.174.300 Net income $1,825,700 Additional information: N 11 Accounts receivable decreased $380.200 during the year, and inventory decreased $181.600 Prepaid expenses increased $180,200 during the year. 2 3 Accounts payable to suppliers of inventory decreased $347.600 during the year. Accrued expenses payable decreased 5104 Administrative expenses include depreciation experse of $109,000 5 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022 for Vaughn Co using the Indirect method (Show amounts that decrease cash now with either asmes.-15.000 or in parenthesh 3 (15,000) VAUGHN COMPANY Partial Statement of Cash Flows Cash Flows from Operating Activities Adjustments to reconcile net income to