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The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,491,300 Cost of

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The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,491,300 Cost of goods sold Beginning inventory $1,801,400 4,309,700 Purchases Goods available for sale 6,111,100 1,419,800 Ending inventory Total cost of goods sold 4,691,300 Gross profit 2,800,000 1,174,300 Operating expenses Net income $1,625,700 Additional information: 1. Accounts receivable increased $190, 100 during the year, and inventory decreased $381,600. 2. Prepaid expenses increased $180,200 during the year. 3. Accounts payable to suppliers of merchandise decreased $347.600 during the year. 4. Accrued expenses payable decreased $104,100 during the year. 5. Operating expenses include depreciation expense of $89.000. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for Whitlock Company, using the indirect meth low with elther a-signes -15,000 or in parenthesis es (15,000 WHITLOCK COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2020 Cash Flows from Operating Activities Net Income 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 et Provided by Cos ti

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