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please show rough work as notes on side , so that i would know how to solve it :)) thanks Question 4 of 4 -

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image text in transcribedplease show rough work as notes on side , so that i would know how to solve it :))
thanks
Question 4 of 4 - / 10 Current Attempt in Progress The statement of income for Crane Ltd, a private company reporting under ASPE, is presented here CRANE LTD. Statement of Income Year Ended November 30, 2021 Sales $8.000.000 Cost of goods sold 4.400.000 Gross profit 3,600,000 Operating expenses 2.020,000 Income from operations 1.580.000 Interest expense 150,000 Income before income tax 1.430,000 Income taxexpense 370.000 Net income $1060.000 Additional information regarding 2021: Operating expenses include 573.000 of depreciation expense and = $107.000 impairment loss on property plant and equipment 2 Accounts receivable increased by $183.000 Inventory decreased by $57.000 4. Prepaid expenses related to operating expenses increased by $43.000 5 Accounts payable to suppliers offwentory cedressed by $187000 Rent payable related to operating experces decreased by 20.000 Interest payable decreased by $15.000 Deferred revenue received from customs decreased by $18.000 saya le increased by SACO CRANE LTD. Statement of Cash Flows (Partial) Year Ended November 30, 2021 Operating activities Adjustments to reconcile net income to v

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