The statement of income of Sheffiald Corporation is presented here

SHEFFIEUD CORPORATION

Stretement of Income

Year Ended November $30,2025$

Additional information:

Accounts receivable increased $$342,000$ during the year, and inventory decreased $$570,000.$

Prepaid expenses, which ralate to administrative expenses, increased $$171,000$ during the year.

Accounts pryable to supplisrs of marchandise decressed $$399,000$ during the year.

Accrued salaries payable decreased $$114,000$ during the year.

Income tax payable increased $$74,100$ during the yaer.

$($a$)$ Prepare the operating activites section of the statement of cash flows for the year ended November $30,2025,$ for Sheffeld

Corporation using tha indiract mathod. $($Show amounts that decrease cash flow with either $a-$sign e$.$g $-15,000$ or in parenthesis eg$.$

$(15,000))$

SHEFFIELD CORPORATION

Statement of Cash Flows $($Partial$)$

For the Yair Ended November $30,2025,vv$

Cowh Flowa from Oporating Activitica

Adjustrnents to reconcile net income to