Hi there,

Can you help me( show the woking notes as well so I can understand), please?

Thank you

P18.1 The income statement of Good Pets is shown below. GOOD PETS Income Statement for the year ended 30 November 2014 $6 800 000 $2 000 000 4300 000 6 300 000 1 400 000 0035 Sales revenue Cost of sales Beginning inventory Purchases Goods available for sale Ending inventory Cost of sales Gross profit Expenses Selling expenses Administrative expenses Profit 4 900 000 1 900 000 450 000 600 000 1 050 000 $ 850 000 Additional information: 1. Accounts receivable decreased $230 000 during the year. 2. Prepaid expenses increased $150 000 during the year. 3. Accounts payable to suppliers of inventory decreased $200 000 during the year. 4. Accrued expenses payable decreased $100 000 during the year. 5. Administrative expenses include depreciation expense of $90 000. Required Prepare the operating activities section of the statement of cash flows for the year ended 30 November 2014 for Good Pets using the indirect method