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please help!! i will rate your answer and this is due tonight!!! Blue Spruce Company Income Statement For the Year Ended November 30, 2025 Sales

please help!! i will rate your answer and this is due tonight!!! image text in transcribed
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Blue Spruce Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,561,700 Cost of goods sold Beginning inventory $1,927,000 PurchasesGoodsavailableforsale4,337,8006,264,800 Ending inventory 1,618,200 Total cost of goods sold Gross profit 2,915,1004,646,600 Operating expenses Selling expenses 450,700 \begin{tabular}{lrr} Administrative expenses & 713,800 & 1,164,500 \\ Net income & $1,750,600 \\ \hline \end{tabular} 1. Accounts receivable decreased $373,100 during the year, and inventory decreased $308,800. 2. Prepaid expenses increased $148,400 during the year. 3. Accounts payable to suppliers of inventory decreased $350.400 during the year. 4. Accrued expenses payable decreased $100,500 during the year. 5. Administrative expenses include depreciation expense of $110,800. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2025 , for Blue Spruce Company, using the indirect method, (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).)

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