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please read full instuctions and show calulations for cells that have a ? in them P12.3) Prepare the operating activities section-indirect method The income statement
please read full instuctions and show calulations for cells that have a ? in them P12.3) Prepare the operating activities section-indirect method The income statement of Munsun Company is presented here. MUNSUN COMPANY Income Statement For the Year Ended November 30, 2022 Additional information: Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. Prepaid expenses increased $150,000 during the year. Accounts payable to suppliers of merchandise decreased $350,000 during the year. Accrued expenses payable decreased $100,000 during the year. Administrative expenses include depreciation expense of $110,000. Instructions Prepare the operating, 2022, for Munsun Company, using the indirect method. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". After you have completed P12.3A, consider the additional question. 1. Assume that depreciation expense, accounts receivable and accounts payable changed to $98,000,$320,000 and $300,000. Show the impact of these changes on the operating section of the statemct of cash flows
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