The income statement of Vaughn Company is presented here. VAUGHN COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7,491,300 Cost of goods sold Beginning inventory $1,901,400 Purchases 4,309,700 6,211,100 Goods available for sale Ending inventory Total cost of goods sold 1,719,800 4.491,300 Gross profit 3,000,000 Operating expenses Selling expenses Administrative expenses 457.000 717.300 1.174,300 Net income $1,825,700 Additional information: 1. 2. 3. . Accounts receivable decreased $380,200 during the year, and inventory decreased $181,600. Prepaid expenses increased $180,200 during the year. Accounts payable to suppliers of inventory decreased $347,600 during the year. Accrued expenses payable decreased $104,100 during the year. Administrative expenses include depreciation expense of $109,000. 4. 5. VAUGHN COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2022 cash payments: $ S