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Problem 12-4A The income statement of Riverbed Corp is presented here Riverbed Corp Income Statement For the Year Ended November 30, 2017 Sales revenue Cost

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Problem 12-4A The income statement of Riverbed Corp is presented here Riverbed Corp Income Statement For the Year Ended November 30, 2017 Sales revenue Cost of goods sold $7,529,600 Beginning inventory $1,894,900 4,430,700 6,325,600 1,628,800 Purchases Goods available for sale Ending inventory Total cost of goods 4,696,800 sold Gross profit Operating expenses 2,832,800 455,400 Selling expenses Administrative 697,100 1,152,500 expenss Net income $1,680,300 Additional information: 1. Accounts receivable decreased $381,200 during the year, and inventory decreased $266,100 2. Prepaid expenses increased $151,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $355,500 during the year 4. Accrued expenses payable decreased $100,700 during the year. 5. Administrative expenses include depreciation expense of $109,300 Prepare the operating activities section of the statement of cash flows using the direct method Riverbed Corp Partial Statement of Cash Flows

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