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Current Attempt in Progress The income statement of Pharoah Company is presented here. Additional information: 1. Accounts receivable decreased $377,500 during the year, and inventory
Current Attempt in Progress The income statement of Pharoah Company is presented here. Additional information: 1. Accounts receivable decreased $377,500 during the year, and inventory decreased $320,800. 2. Prepaid expenses increased $148,900 during the year. 3. Accounts payable to suppliers of merchandise decreased $353,900 during the year. 4. Accrued expenses payable decreased $101,100 during the year. 5. Administrative expenses include depreciation expense of $110,100. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2027, for Pharoah Company. using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parentheses e.g. (15,000) ).) Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2027, for Pharoah Company
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