The income statement of Bonita Company is presented here. BONITA COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7.564,900 Cost of goods sold Beginning inventory $1,836,300 Purchases 4,423,500 Goods available for sale 6,259.800 1,505,000 Ending inventory Total cost of goods sold 4,754,800 Gross profit 2,810,100 Operating expenses Selling expenses 415,000 Administrative expenses 715,200 1,130,200 $1,679,900 Net income Additional information: 1. 2. Accounts receivable decreased $387,000 during the year, and inventory decreased $331,300. Prepaid expenses increased $175,100 during the year. Accounts payable to suppliers of inventory decreased $339,900 during the year. Accrued expenses payable decreased $103.400 during the year. 3. 4. 5. Administrative expenses include depreciation expense of $87,900. Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to $ > > >> >