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Wildhorse Company Income Statement For the Year Ended November 3 0 , 2 0 2 7 Sales revenue 7 6 9 9 5 0 0

Wildhorse Company
Income Statement
For the Year Ended November 30,2027
Sales revenue 7699500
Cost of goods sold
Beginning Inventory 1865200
Purchases 4417600
Good available for sale 6282800
Ending inventory 1617200
Total cost of good sold 4665600
Gross profit 3033900
Operating expenses
Selling expenses 442000
Administrative expenses 713000
Net income 1878600
Additional information:
$7,699,500
Accounts receivable decreased $381,000 during the year and inventory decreased $248,000.
Prepaid expenses increased $147,100 during the year.
Accounts payable to suppliers of merchandise decreased $354,800 during the year.
Accrued expenses payable decreased $100,700 during the year:
Administrative expenses include depreciation expense of $110,700.
Prepare the operating activities section of the statement of cash flows for the year ended November 30,2027, for Wildhorse Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign eg.-15,000 or in parentheses eg.(15,000)).)
WILDHORSE COMPANY
Partial Statement of Cash Flows
Adjustments to reconcile net income to
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