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Problem 12-3A The income statement of Larkspur, Inc. is presented here. Larkspur, Inc. Income Statement For the Year Ended November 30, 2019 7,522,100 Cost of

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Problem 12-3A The income statement of Larkspur, Inc. is presented here. Larkspur, Inc. Income Statement For the Year Ended November 30, 2019 7,522,100 Cost of goods sold Beginning inventory $1,869,400 4,492,900 6,362,300 1,321,200 Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses 5,041,100 2,481,000 1112,800 Additional information Accounts receivable increased $204,100 during the year, and inventory decreased $548,200. 2. Prepaid expenses increased $166,800 during the year. 3 Accounts payable to suppliers of merchandise decreased $346,900 during the year 4. Accrued expenses payable decreased $109,600 during the year. . Operating expenses include depreciation expense of $86,100. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2019, for Larkspur, Inc., 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).) Larkspur, Inc. Partial Statement of Cash Flows Adjustments to reconcie net income to

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