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The income statement of Coronado Company is presented here. Additional information: 1. Accounts receivable decreased $371,000 during the year, and inventory decreased $302,200. 2. Prepaid
The income statement of Coronado Company is presented here. Additional information: 1. Accounts receivable decreased $371,000 during the year, and inventory decreased $302,200. 2. Prepaid expenses increased $172,900 during theyear. 3. Accounts payable to suppliers of inventory decreased $340.400 during the year. 4. Accrued expenses payable decreased $103,900 during the year. 5. Administrative expenses include depreciation expense of $90,100. Additional information: 1 Accounts receivable decreased $371,000 during the year, and inventory decreased $302,200. 2. Prepaid expenses increased $172,900 during theyear: 3. Accounts payable to suppliers of inventory decreased $340,400 during the year. 4. Accrued expenses payable decreased $103,900 during the year. 5. Administrative expenses include depreciation expense of $90,100 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Coronado Company. using the indirect method. (Show amounts that decrease cosh fow with either a-sign eg. 15,000 or in parenthesis es, (15,000) )
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