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The income statemant of Pharoah Company is presented here. Additional infonmation: 1. Accounts receivable increased $195,900 during the year, and imentory decreased $531,000. 2. Prapaid
The income statemant of Pharoah Company is presented here. Additional infonmation: 1. Accounts receivable increased $195,900 during the year, and imentory decreased $531,000. 2. Prapaid axpenses incrased $172,200 during the year. 3. Accounts payable to suppliars of marchandise dacrased 5342,100 during the year. 4. Bccruad axpenses payable decrased $109,700 durinz the yaar. 5. Oparating expenses include depreciation expense of $90,900. Prapare the operating activitias saction of the statement of cash flows for the year ended November 30,2019 , for Pharoah Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis es. (15,000).)
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