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The income statement of Cheyenne Corp. is presented here. Additional information: 1. Accounts receivable decreased $403,600 during the year, and inventory decreased $319,800. 2. Prepaid
The income statement of Cheyenne Corp. is presented here. Additional information: 1. Accounts receivable decreased $403,600 during the year, and inventory decreased $319,800. 2. Prepaid expenses increased $177,800 during the year. 3. Accounts payable to suppliers of inventory decreased $330,600 during the year. 4. Accrued expenses payable decreased $107,000 during the year. 5. Administrative expenses include depreciation expense of $117,400. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2022 , for Cheyenne Corp., (15,000).)
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