O Sat 11 26 PR 58% Vew History Bookmarks People Tab Window Help GRADED Chot 17 Due 11/24 Discount Handbags &Accesso + colege dorm e- Waimart.com X x w. yplus.com/courses/28520/assignments/3332265 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 $7428,800 Sales revenue Cost of goods sold $1854,400 Beginning inventory 4370,800 Purchases Goods available for sale 6.225200 Ending inventory 1,377,900 4,847,300 Total cost of goods sold 2.581.500 Gross profit Operating expenses 1,100000 $1481500 Net income Addinional information 1 Accounts receivable increased $204,000 during the year, and imventory decreased $476.500 2. Prepaid expenses increased $178900 during the year 3. Accounts payable to suppliers of merchandise decreased $333.000 during the year 4. Accrued expenses payable decreased $105,200 during the year 5. Operating expenses include depreciation expense of $94,700. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign es-15,000 or in parenthesis eg (15,000 WHITLOCK COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 20200 Cash Flows fram Operating Activities # % & 2 3 4 5 7 6 8 W R T Y P F G J K L X V M O V Vew History Bookmarks People Tab Window Help 0 Sat 11 26 PM mged you college dom e-Waimat.comx Discount Handbags& Accesso GRADED Chpt 17 Due 11/24 + yplus.com/counses/28520assignments/3332265 w Prepare the operating activities section of the statement of cash flows using the direct method (Show amounts that decrease cash flow with elther a-sign eg 15,000 or in parenthesis es (15,00O WHITLOCK COMPANY Partial Statement of Cash Flows For the Year Ended November 30,2020 Cash Flows from Operating Activities Canh Receipts from Customers 7224200 Less cash payments To Suppliers (4703800) For Operating Expenses (12896 5993200 Net Cash Provided by Operating Activities 1231000 eTextbook and Media Attempts 2 of 3 used Save for Later Subit Anwer Send to Gradebook Prey Previous Next % & 2 3 4 5 6 7 8 9 deleter W R T U O P S D F G J K X V M and option command A V I B