The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold $7,499,900 Beginning inventory $1,880,800 4,326,200 6,207,000 1,349,800 Purchases Goods available for sale Ending inventory Total cost of goods sold Gross proft Operating expenses Net income 4,857,200 2,642,700 1.094,300 $1,548,400 Additional information: 1. Accounts receivable increased $195,800 during the year, and inventory decreased $531,000. 2. Prepaid expenses increased $172,200 dunng the year 3. Accounts payable to suppliers of merchandise decreased $342,100 during the year 4. Accrued expenses payable decreased $109,700 during the year 5. Operating expenses include depreciation expense of $80,900. , 2020, for Whitlock Company, using thesis e.g. (15,000).) thesis eoS,0os ection of the statement of cash flows for the year ended November 30 Prepare the operating ectivities cection of the statement of cafh fowt for the vear ended Novebo WHITLOCK COMPANY Partial Statement of Cash Flows