The income statement of Grouper Corp. is presented here. Grouper Corp Income Statement For the Year Ended November 30, 2022, Sales revenue $7,699,500 Cost of goods sold Beginning inventory $1,865,200 Purchases 4,417,600 Goods available for sale 6,282,800 Ending inventory 1,617,200 Total cost of goods sold 4,665,600 Gross profit 3,033,900 Operating expenses Selling expenses 442,000 Administrative expenses 713,300 1,155,300 Net income $1,878,600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 110,700 Decrease in Inventory 248,000 Increase in Prepaid Expenses (147,100) Decrease in Accounts Payable (354,800) Decrease in Accrued Expenses Payable (100,700) Net Cash Provided by Operating Activities 2,015,700 The income statement of Grouper Corp. is presented here. Grouper Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,699,500 Cost of goods sold Beginning inventory $1,865,200 Purchases 4,417,600 Goods available for sale 6,282,800 Ending inventory 1,617,200 Total cost of goods sold 4.605,600 Gross profit 3,033,900 Operating expenses Selling expenses 442,000 Administrative expenses 713,300 1,155,300 Net income $1,878,600 The income statement of Grouper Corp. is presented here. Grouper Corp Income Statement For the Year Ended November 30, 2022, Sales revenue $7,699,500 Cost of goods sold Beginning inventory $1,865,200 Purchases 4,417,600 Goods available for sale 6,282,800 Ending inventory 1,617,200 Total cost of goods sold 4,665,600 Gross profit 3,033,900 Operating expenses Selling expenses 442,000 Administrative expenses 713,300 1,155,300 Net income $1,878,600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable 110,700 Decrease in Inventory 248,000 Increase in Prepaid Expenses (147,100) Decrease in Accounts Payable (354,800) Decrease in Accrued Expenses Payable (100,700) Net Cash Provided by Operating Activities 2,015,700 The income statement of Grouper Corp. is presented here. Grouper Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,699,500 Cost of goods sold Beginning inventory $1,865,200 Purchases 4,417,600 Goods available for sale 6,282,800 Ending inventory 1,617,200 Total cost of goods sold 4.605,600 Gross profit 3,033,900 Operating expenses Selling expenses 442,000 Administrative expenses 713,300 1,155,300 Net income $1,878,600