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Current Attempt in Progress The income statement of Sheffield Company is presented here. Additional information: 1. Accounts receivable decreased $380,600 during the year, and inventory
Current Attempt in Progress The income statement of Sheffield Company is presented here. Additional information: 1. Accounts receivable decreased $380,600 during the year, and inventory decreased $303,300. 2. Prepaid expenses increased $147,000 during the year. 3. Accounts payable to suppliers of inventory decreased $349,500 during the year. 4. Accrued expenses payable decreased $99,800 during the year. 5. Administrative expenses include depreciation expense of $108,700. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2025 , for Sheffield Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis e.g. (15,000).) Prepare the operating activities section of the statement of cash flows for the year ended November 30,2025 , for Sheffield Company
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