Sweet Acacia Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,615,700 Cost...

 

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Sweet Acacia Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,615,700 Cost of goods sold Beginning inventory $1,907,300 Purchases 4,429,300 Goods available for sale 6,336,600 Ending inventory 1,585,100 Total cost of goods sold 4,751,500 Gross profit 2,864,200 Operating expenses Selling expenses 452,500 Administrative expenses 689,300 1,141,800 Net income $1,722,400 Additional information: Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200. Prepaid expenses increased $149,000 during the year. Accounts payable to suppliers of inventory decreased $343,300 during the year. Accrued expenses payable decreased $100,700 during the year. 5. Administrative expenses include depreciation expanse of $109,800. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a signe.-15.000 or in parenthesis (15,000)) Sweet Acacia Company Income Statement For the Year Ended November 30, 2025 Sales revenue $7,615,700 Cost of goods sold Beginning inventory $1,907,300 Purchases 4,429,300 Goods available for sale 6,336,600 Ending inventory 1,585,100 Total cost of goods sold 4,751,500 Gross profit 2,864,200 Operating expenses Selling expenses 452,500 Administrative expenses 689,300 1,141,800 Net income $1,722,400 Additional information: Accounts receivable decreased $386,800 during the year, and inventory decreased $322,200. Prepaid expenses increased $149,000 during the year. Accounts payable to suppliers of inventory decreased $343,300 during the year. Accrued expenses payable decreased $100,700 during the year. 5. Administrative expenses include depreciation expanse of $109,800. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a signe.-15.000 or in parenthesis (15,000))

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