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The income statement of Monty Corp. is presented here. Monty Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7.467.900 Cost of

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The income statement of Monty Corp. is presented here. Monty Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7.467.900 Cost of goods sold Beginning inventory $1,862,000 Purchases 4,458,300 Goods available for sale 6,320,300 Ending inventory 1,572,700 Total cost of goods sold 4,747,600 Gross profit 2,710,300 Operating expenses Selling expenses 450,900 Administrative expenses 705,300 1.156,200 Net income $1,554,100 Additional information: 1. 2. 3. Accounts receivable decreased $377,500 during the year, and inventory decreased $289,300 Prepaid expenses increased $150.500 during the year. Accounts payable to suppliers of merchandise decreased $347.900 during the year, Accrued expenses payable decreased $100,700 during the year. 4. AM AVOND Additional information: 1. 2 3. Accounts receivable decreased $377.500 during the year, and inventory decreased $289,300, Prepaid expenses increased $150,500 during the year. Accounts payable to suppliers of merchandise decreased $347.900 during the year. Accrued expenses payable decreased $100,700 during the year. Administrative expenses include depreciation expense of $109,800. 4. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Monty Corp. using the indirect method. (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis es (15,000)) Monty Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to Monty Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $

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