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The income statement of Vaughn Company is presented here. Additional information: 1. Accounts receivable decreased $380,200 during the year, and inventory decreased $181,600. 2. Prepaid

The income statement of Vaughn Company is presented here.image text in transcribed

image text in transcribed Additional information: 1. Accounts receivable decreased $380,200 during the year, and inventory decreased $181,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts payable to suppliers of inventory decreased $347,600 during the year. 4. Accrued expenses payable decreased $104,100 during the year. 5. Administrative expenses include depreciation expense of $109,000. VAUGHN COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2022 Cash Flows from Operating Activities Net Income $ 1825700 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities $

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