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The income statement of Ayayai Corp. is presented here. Additional information: 1. Accounts receivable decreased $377,300 during the year, and inventory decreased $310,500. 2. Prepaid
The income statement of Ayayai Corp. is presented here. Additional information: 1. Accounts receivable decreased $377,300 during the year, and inventory decreased $310,500. 2. Prepaid expenses increased $148,600 during the year. 3. Accounts payable to suppliers of merchandise decreased $353,500 during the year. 4. Accrued expenses payable decreased $101,700 during the year. 5. Administrative expenses include depreciation expense of $111,500. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2017 , for Ayayai Corp., using
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