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please helpIncome Statement For the Year Ended November 3 0 , 2 0 2 2 Sales revenue $ 7 , 5 0 2 , 4

please helpIncome Statement
For the Year Ended November 30,2022
Sales revenue
$7,502,400
Cost of goods sold
Additional information:
Accounts receivable decreased $385,200 during the year, and inventory decreased $390,800.
Prepaid expenses increased $182,800 during the year.
Accounts payable to suppliers of inventory decreased $341,000 during the year.
Accrued expenses payable decreased $109,800 during the year.
Administrative expenses include depreciation expense of $110,900.
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 e.g.-15,000 or in parenthesis e.g.(15,000).)
LII COMPANY
Partial Statement of Cash Flows
November 30,2022
Cash Flows from Operating Actlvitles
Cash Recelpts from Customers
cash payments:
For Operating Expenses
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