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The income statement of Bramble Company is presented here. BRAMBLE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods
The income statement of Bramble Company is presented here. BRAMBLE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses $1,929,700 4,311,300 6,241,000 1,620,800 450,000 554,300 $7,565,200 4,620,200 2,945,000 1,004,300 The income statement of Bramble Company is presented here. Additional information: 1. Accounts receivable decreased $384,500 during the year, and inventory decreased $308,900. 2. Prepaid expenses increased $181,600 during the year. 3. Accounts payable to suppliers of inventory decreased $347,900 during the year. 4. Accrued expenses payable decreased $102,300 during the year. 5. Administrative expenses include depreciation expense of $90,500. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Bramble Company. using the indirect method. (Show amounts that decrease cash flow with either a-sign es. - 15,000 or in parenthesis e s. (15,000) ).) BRAMBLE COMPANY Statement of Cash Flows (Partial) - Indirect Method For the Year Ended November 30, 2022 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to $ Adjustments to reconcile net income to $
The income statement of Bramble Company is presented here. BRAMBLE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses $1,929,700 4,311,300 6,241,000 1,620,800 450,000 554,300 $7,565,200 4,620,200 2,945,000 1,004,300
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