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The income statement of Martinez Corp. is presented here. Martinez Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,697,000 Cost of

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The income statement of Martinez Corp. is presented here. Martinez Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7,697,000 Cost of goods sold Beginning inventory $1,893,400 Purchases 4,315,800 Goods available for sale 6,209,200 Ending inventory 1,568,500 Total cost of goods sold 4,640.700 Gross profit 3,056,300 Operating expenses Selling expenses 446,100 Administrative expenses 693,000 1,139,100 Net income $1,917,200 Additional information: 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $324,900. Additional information: 1. 2. 3. Accounts receivable decreased $386,500 during the year, and inventory decreased $324,900. Prepaid expenses increased $147,600 during the year. Accounts payable to suppliers of merchandise decreased $346,300 during the year. Accrued expenses payable decreased $98,700 during the year. Administrative expenses include depreciation expense of $111,200. 4. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Martinez Corp., using the indirect method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis eg. (15,000).) Martinez Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to Partial Statement of Cash Flows $ Adjustments to reconcile net income to $

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