Prepare the operating section-indirect method. activities P12-3A The income statement of Munsun Company i presented here (LO 2), AP MUNSUN COMPANY Income Statement For the Year Ended November 30, 2017 XLS $7,600,000 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory $1,900,000 4,400,000 6,300,000 1,600,000 Total cost of goods sold Gross profit Operating expenses 4,700,000 2,900,000 Selling expenses Administrative expenses 450,000 700,000 1,150,000 $1,750,000 Net income Additional information 1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. 2. Prepaid expenses increased $150,000 during the year 3 Accounts payable to suppliers of merchandise decreased $350,000 during the year 4. Accrued expenses payable decreased $100,000 during the year 5. Administrative expenses include depreciation expense of $110,000. Instructions rating activities section of the statement of cash flows for the year Net cash provided $1,940,000 Prepare the ope November 30, 2017, for Munsun Company, using the indirect ended method