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The income 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $281,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts payable
The income 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $281,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts payable to suppliers of inventory decreased $347,600 during the year. 4. Accrued expenses payable decreased $104,100 during the year. 5. Administrative expenses include depreciation expense of $89,000. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2022, for Vaughn Compar using the indirect method. (Show amounts that decrease cash flow with either a - sign es. - 15,000 or in parenthesis eg. (15,000)) VAUGHN COMPANY Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to
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