Question: could you do the cash flow statement please P15-5A The income statement of Oak lsland Company is shown below: wirthat (SO 3.4)AP Additional i, 1.
P15-5A The income statement of Oak lsland Company is shown below: wirthat (SO 3.4)AP Additional i, 1. Accounts receivable decreased by $280,000 during the year. 2. Prepaid expenses increased by $150,000 during the year: 3. Accounts payable to suppliers of merchandise decreased by $200,000 during the year. 4. Accrued expenses payable decreased by $100,000 during the year. 5. Administrative expenses include an amortization expense of $70,000. Iirstructions (a) Prepare the operating activities section of the cash flow statement for the year ended November 30,2003 , using the indirect method. (b) Prepare the operating activities section of the cash flow statement for the year ended November 30,2003, using the direct method
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