Question 8 View Policies Current Attempt in Progress The income statement of Larkspur, Inc. is presented here. Larkspur, Inc Income Statement For the Year Ended November 30, 2022 Sales revenue $7,741,000 Cost of goods sold Beginning inventory Purchases $1,871,700 4,377.100 Goods available for sale 6,248,800 1,609,300 Ending inventory Total cost of goods sold 4,639,500 Gross profit 3,101,500 Operating expenses Selling expenses 451,800 Administrative expenses 691,600 1,143,400 Net income $1.958.100 Additional information: 1. Accounts receivable decreased $383,500 during the year, and inventory decreased $262.400. 2. Prepaid expenses increased $150,600 during the year. 3. Accounts payable to suppliers of merchandise decreased $351,000 during the year. 4. Accrued expenses payable decreased $99,300 during the year. 5. Administrative expenses include depreciation expense of $109,100. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Larkspur, Inc., using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Larkspur, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to