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The income statement of Indigo Company is presented here. Indigo Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,598,100 Cost
The income statement of Indigo Company is presented here. Indigo Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,598,100 Cost of goods sold Beginning inventory $1,886,000 Purchases 4,414,700 Goods available for sale 6,300,700 Ending inventory 1,605,100 Total cost of goods sold 4,695,600 Gross profit 2,902,500 Operating expenses Selling expenses 456,500 Administrative expenses 699.200 1,145,700 Net income $1.756.800 Additional information: 2 Accounts receival reased $382,300 during the year, and inventory decreased $290,900. Prepaid expenses increased $148.100 during the year. Accounts payable to suppliers of inventory decreased $352,900 during the year. Accrued expenses payable decreased $101,500 during the year. Administrative expenses include depreciation expense of $111,800. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Indigo Company, using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15.000 or in parenthesis eg. (15,000)) INDIGO COMPANY Statement of Cash Flows (Partial) - Indirect Method
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