Question: Can't figure it out. My numbers do not align. The income statement of Whitlock Company is presented here. $7,415,200 WHITLOCK COMPANY Income Statement For the

Can't figure it out. My numbers do not align.

Can't figure it out. My numbers do not align. The income statementof Whitlock Company is presented here. $7,415,200 WHITLOCK COMPANY Income Statement For

The income statement of Whitlock Company is presented here. $7,415,200 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,943,400 Purchases 4,367,400 Goods available for sale 6,310,800 Ending inventory 1,348,800 Total cost of goods sold Gross profit Operating expenses 4,962,000 2,453,200 1,069,800 $1,383,400 Net income Additional information: 1. Accounts receivable increased $207,400 during the year, and inventory decreased $594,600. 2. Prepaid expenses increased $174,400 during the year. 3. Accounts payable to suppliers of merchandise decreased $332,900 during the year. 4. Accrued expenses payable decreased $100,400 during the year. 5. Operating expenses include depreciation expense of $98,500. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WHITLOCK COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2020 Cash Flows from Operating Activities X Cash Receipts from Customers 7,082,300 Less cash payments: To Suppliers 332,900 For Operating Expenses 1,069,800 X 736,900 Net Cash Provided by Operating Activities 274,800 Click if you would like to Show Work for this question: Open Show Work

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