Problem 12 12-3A The income statement of Cullumber Company is presented here. Income Statement For the Year Ended November 30, 2017 $7,451,100 Cost of goods sold Beginning inventory $1,912,300 4,369,700 Goods available for sale 6,302,000 1,591,500 Ending inventory Total cost of goods sold 4,710,500 2,740,600 Selling expenses 453,900 01.0001.154,900 Administrative expens Net income Additional information: 1. Accounts receivable decreased $377,500 during the year, and inventory decreased $320,800 2. Prepaid expenses increased $148,900 during the year 3. Accounts payable to suppliers of merchandise decreased s353,900 during the year 4. Accrued expenses payable decreased $101,100 during the year . Administrative expenses indude depreciation expense of $110,100. S. Administratidecreased 2017, or Cul umber Company, using the indirect method. Show a mounts that decrease cash ? ow with either? sign e g.-15,000 or in parenthesis e prepare the operating activities section of the statement of cash flows or the year ended November 30 (15,000).) Cullumber Company Partial Statement of Cash Adjustments to reconcile net income to