The income statement of Lily Company is presented here. 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 Net income LILY COMPANY Income Statement For the Year Ended November 30, 2022 Additional information: 1. 2. 3. 4. 5. $1,817,100 4,310,900 6,128,000 1,505,000 420,000 729,200 $7,536,600 4,623,000 2,913,600 1,149,200 $1,764,400 Accounts receivable decreased $386,000 during the year, and inventory decreased $312,100. Prepaid expenses increased $184,200 during the year. Accounts payable to suppliers of inventory decreased $342,300 during the year. Accrued expenses payable decreased $103,600 during the year. Administrative expenses include depreciation expense of $97,000. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Lily Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

The income statement of Lily Company is presented here Additional information 1. Accounts receivable decreased $386,000 during the year, and inventory decreased $312,100 2. Prepatd expenses Increased $184,200 during the vent 3. Accounts payable to suppliers of inventory decreased $342,300 during the year 4. Accrued expenses payabie decreased $103,600 during the year. 5. Administrative expenses include depreciation expense of $97000. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2022 , for Lily Company, using the indirect method. (Show anounts that decrease cash flow with either a-signes-15,000 or in parenthesises (15,000)) Prepare the operating activities section of the staternent of cash flows for the year ended November 30, 2022, for Lily Comparry, usine the indirect method. (Show amounts that decrease cash flow with either a-sign es - 15,000 or in parenthesis es. (15,000) UIY COMPANY Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $ eTextbook and Media Sevifo Later Attempts: 0 of 3 used Sibmit Arower