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income statement of Ayayal Corp. is presented here. Ayayai Corp. Income Statement For the Year Ended November 30, 2017 Sales revenue $7,461,700 Cost of goods
income statement of Ayayal Corp. is presented here. Ayayai Corp. Income Statement For the Year Ended November 30, 2017 Sales revenue $7,461,700 Cost of goods sold Beginning inventory $1,924,100 Purchases 4,447,100 Goods available for sale 6,371.200 Ending inventory 3,600 Total cost of goods sold Gross profit 2,704,100 Operating expenses Selling expenses 443.500 Administrative expenses 709,000 Net income $1,551 000 813 Additional information: 1. Accounts receivable decreased $377,300 during the year, and inventory decreased $310,500. 2. Prepaid expenses increased $148,600 during the year. 3. Accounts payable to suppliers of merchandise decreased $353,500 during the year. 4. Accrued expenses payable decreased $101.700 during the year. 5. Administrative expenses include depreciation expense of $111,500. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, Ayayal Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to 1. Accounts receivable decreased $3/7,Bring the year and inventory Ultraseu SUJUU. 2. Prepaid expenses increased $148,600 during the year. 3. Accounts payable to suppliers of merchandise decreased $353,500 during the year. 4. Accrued expenses payable decreased $101.700 during the year. 5. Administrative expenses include depreciation expense of $111,500. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, Ayayal Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to e Textbook and Media Save for Later
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