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Problem 17-3A The income statement of Whitlock Company is presented here. $7,536,600 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue

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Problem 17-3A The income statement of Whitlock Company is presented here. $7,536,600 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue Cost of goods sold Beginning inventory $1,817,100 Purchases 4,310,900 Goods available for sale 6,128,000 Ending inventory 1,367,000 Total cost of goods sold Gross profit Operating expenses Net income 4,761,000 2,775,600 1,149,200 $1,626,400 Additional information: 1. Accounts receivable increased $196,900 during the year, and inventory decreased $450,100. 2. Prepaid expenses increased $184,200 during the year. 3. Accounts payable to suppliers of merchandise decreased $342,300 during the year. 4. Accrued expenses payable decreased $103,600 during the year. 5. Operating expenses include depreciation expense of $97,000. Prepare the operating activities section of the statement of cash flows for the vear ended November WHITLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to Click If you would like to Show Work for this question: Open Show Work

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