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please help. Urgent The income statement of Crane Company is presented here. CRANE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue
please help. Urgent
The income statement of Crane Company is presented here. CRANE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income $2,030,200 4,481,800 6,512,000 1,768,500 448,000 705,000 $7,463,500 4,743,500 2,720,000 1,153,000 $1,567,000 Additional information: 1. 2. 3. 4. 5. Accounts receivable decreased $405,000 during the year, and inventory decreased $261,700. Prepaid expenses increased $183,900 during the year. Accounts payable to suppliers of inventory decreased $331,300 during the year. Accrued expenses payable decreased $108,900 during the year. Administrative expenses include depreciation expense of $111,400. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Crane Company, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) CRANE COMPANY Partial Statement of Cash Flows # + + Adjustments to reconcile net income to $ MOING $Step by Step Solution
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