-/2 > Question 1 of 3 Current Attempt in Progress The statement of income of Marigold Corporation is presented here. MARIGOLD CORPORATION Statement of Income Year Ended November 30, 2022 Sales $7,546,000 Cost of goods sold 4,802,000 Gross profit 2.744,000 Salaries expense 838,880 Operating expenses 209.720 Depreciation expense 78.400 Income before income tax 1,617,000 Income tax expense 242,060 Net income $1,374940 Additional information 1 2 Accounts receivable increased $294.000 during the year, and inventory decreased $490,000 Prepaid expenses, which relate to administrative expenses, increased $147,000 during the year. Accounts payable to suppliers of merchandise decreased $343,000 during the year, Accrued salaries payable decreased $98.000 during the year Income tax payable increased $63.700 during the year. 4 5. MacBook Air ESC so gs 1 2 3 S 4 % 5 6 & 7 tab W E R Y ./2 Question 1 of 3 (a) Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Marigold Corporation using the indirect method. (Show amounts that decrease cash flow with elthera - sign og -15,000 or in parenthesis cg (15.000)) MARIGOLD CORPORATION Statement of Cash Flows (Partial) Cash flows from operating activities $ Adjustments to reconcile net income to MacBook Air 3 TE 1 ! @ # 3 $ 4 1 % 5 2 6 7 8 Q W E R Y U tab S D F G . caps lock + Chapter 13 assignment Question 1 of 3 -12 E Adjustments to reconcile net income to $ $ e Textbook and Media Attempts: O of 15 used Submit Answer MAP esc F 13 1 2 $ 4 3 % 5 6 v 20 8 Q W E R Y tab U