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Question 41 1 pts P12-3A. What is the net cash provided by operating activities for Munsun Company for the year ended November 30, 2022? $2,105,000

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Question 41 1 pts P12-3A. What is the net cash provided by operating activities for Munsun Company for the year ended November 30, 2022? $2,105,000 $1.940,000 $2,200,000 $2,350,000 P12.3A (LO 2), AP The income statement of Munsun Company is presented here. Excel $7,600,000 Munsun Company Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses 450,000 Administrative expenses 700,000 Net income $1,900,000 4.400,000 6,300,000 1,600,000 4.700,000 2,900,000 1,150,000 $1,750,000 Additional information: 1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of inventory decreased $350,000 during the year. 4. Accrued expenses payable decreased $100,000 during the year. 5. Administrative expenses include depreciation expense of $110,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Munsun Company, using the indirect method. 0

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