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The income statement of Waterway Company is presented here. Waterway Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,484,100 Cost
The income statement of Waterway Company is presented here. Waterway Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,484,100 Cost of goods sold Beginning inventory $1,866,600 Purchases 4,364,100 Goods available for sale 6,230,700 Ending inventory 1,630,900 Total cost of goods sold 4,599,800 Gross profit 2,884,300 Operating expenses Selling expenses 441,400 Administrative expenses 689.900 1,131,300 Net income $1,753,000 Gross profit 2,884,300 Operating expenses Selling expenses 441.400 Administrative expenses 689.900 1,131,300 Net income $1,753,000 Additional information: Accounts receivable decreased $374,300 during the year, and inventory decreased $235,700. 1. 2. Prepaid expenses increased $148,000 during the year. 3. Accounts payable to suppliers of inventory decreased $346,100 during the year. 4. 5. Accrued expenses payable decreased $100,000 during the year. Administrative expenses include depreciation expense of $110,700. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Waterway Company, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15.000 or in parenthesis 6.g. (15,000).) WATERWAY COMPANY Statement of Cash Flows (Partial) - Indirect Method For the Year Ended November 30, 2025 For the Year Ended November 30, 2025 Adjustments to reconcile net income to
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