Sheffield Company

Income Stakement

For the Year Ended November $30,2025$

Sales revenue

$$7,636,400$

Cost of goods sold

Beginning inventory

$$1,902,800$

Purchases

Goods available for sale $,6,270,500$

Ending inventory $,1,599,500$

Total cost of goods sold

Gross profit

$\frac{4,671,000}{2,965,400}$

Operating expenses

Selling expenses

$447,600$

Administrative expenses $,691,300,1,138,900$

Netincome

$$1,826,500$

Additional information:

Accounts receivable decreased $$380,600$ during the year and imventory decreased $$303,300.$

Prepaid expenses increased $$147,000$ during the year.

Accounts payable to suppliers of inventory decreased $$349,500$ during the year:

Accrued expenses payable decreased $$99,800$ during the year:

Administrative expenses include depreciation expense of $$108,700.$

Prepare the operating activities section of the statement of cash flows for the year ended November $30,2025,$ for $5$ heffield Company. using the indirect method. $($Show amounts that decrease cash flow with either a sign eg$-15,000$ or in parenthesis eg: $(15,000).$

SHEFFIELD COMPANY

Statement of Cash Flows $($Partial$)-$ Indirect Method

Adjustments to reconcile net income to

$