Monty Corp. Partial Statement of Cash Flows For the Year Ended November 30, 2022 Cash Flows from Operating Activities Cash Receipts from Customers Less Cash Payments " For Operating Expenses To Suppliers +A Net Cash Provided by Operating Activities +A -100700 -347900 +A 109800 -1156200 Monty Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,457,900 Cost of goods sold Beginning inventory $1,862,000 Purchases 4,458,300 Goods available for sale 6,320,300 Ending inventory 1,572,700 Total cost of goods sold 4,747,600 Gross profit 2,710,300 Operating expenses Selling expenses 450,900 Administrative expenses 705,300 1,156,200 Net income $1,554,100 Additional information: 1. Accounts receivable decreased $377,500 during the year, and inventory decreased $289,300. 3. Accounts payable to suppliers of merchandise decreased $347,900 during the year. 2. Prepaid expenses increased $150,500 during the year. 4. Accrued expenses payable decreased $100,700 during the year. 5. Administrative expenses include depreciation expense of $109,800