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The income statement of Whitlock Company is presented here.
Additional information:
Accounts receivable increased $200,000 during the year, and inventory decreased $500,000.Prepaid expenses increased $150,000 during the year.Accounts payable to suppliers of merchandise decreased $340,000 during the year.Accrued expenses payable decreased $100,000 during the year.Operating expenses include depreciation expense of $70,000.
Instructions
Prepare the operating activities section of the statement of cash ?ows for the year ended November 30, 2015, for Whitlock Company, using the indirect method.
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