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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
Sales revenue
Cost of goods sold
Beginning Inventory
Purchases
Good available for sale
Ending inventory
Total cost of good sold
Gross profit
Operating expenses
Selling expenses
Administrative expenses
Net income
Additional information:
$
Accounts receivable decreased $ during the year and inventory decreased $
Prepaid expenses increased $ during the year.
Accounts payable to suppliers of merchandise decreased $ during the year.
Accrued expenses payable decreased $ during the year:
Administrative expenses include depreciation expense of $
Prepare the operating activities section of the statement of cash flows for the year ended November for Wildhorse Company, using the indirect method. Show amounts that decrease cash flow with either a sign eg or in parentheses eg
WILDHORSE COMPANY
Partial Statement of Cash Flows
Adjustments to reconcile net income to
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