+ Ch 13: Homework F Question 4 of 13 -/1 The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7.467,000 Cost of goods sold Beginning inventory $1.997,600 Purchases 4,445,700 Goods available for sale 6,443,300 Ending inventory 1.412,700 Total cost of goods sold 5.030,600 Gross profit 2,436,400 Operating expenses 1.176,500 Net income $1.259.900 Additional information: 1. 2. 3. Accounts receivable increased $202,200 during the year, and inventory decreased $584,900. Prepaid expenses increased $165,200 during the year. Accounts payable to suppliers of merchandise decreased $337,700 during the year. Accrued expenses payable decreased $105,400 during the year. Operating expenses include depreciation expense of $92,900. 4. 5. f Ch 13: Homework F Question 4 of 13 - / 1 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for Whitlock Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) WHITLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to $ Ch 13: Homework F Question 4 of 13 - /1 Adjustments to reconcile net income to $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit