Weygandt, Accounting Principles, 12e Gradebook ORION Downloadable eTextbook Question 4 The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue 7,519,500 Cost of goods sold Beginning inventory Purchases Goods avalable for sale Ending inventory 1,834,000 4,429,000 6,263,000 1.314,200 Total cost of goods sold Gross profit Operating expenses Net income 4,948,800 2,570,700 1,088,400 $1,482,300 Additional information 1. Accounts receivable increased $201,800 duning the yea, and inventory decreased $519,800. 2. Prepaid expenses increased $177,800 during the yeac 3. Accounts payable to suppliers of merchandise decreased $330,600 duning the year 4. Accrued expenses payable decreased $107,000 during the yeac 5. Operating expenses "ndude deprecation expense of $97,400. F4FS F6 F7 F8 4 5 6 7 8 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, for Whitlock Company, using the indrect method (Show anmounts that decrease cash ovw with either a sign e.g. -15,000 or in parenthesk e.g. (15,000) WHITLOCK COMPANY of Cash Flows Adjustments to reconcle net income to oe@ to search US Weygandt, Accounting Principles, 12e Practice Gradebook ORION Downloadable eTextbook Adjustments to reconcle net income to to search F3 F6 F9 2 3 6 8