please dont provide solution in image format thank you The income statement of Vaughn Company is presented here.VAUGHN COMPANYIncome StatementFor the Year Ended November 30, 2022Sales revenueCost of goods soldBeginning inventoryPurchasesGoods available for saleEnding inventoryTotal cost of goods soldGross profitOperating expensesSelling expensesAdministrative expensesNet incomeAdditional information:$1,801,4004,309,7006,111,1001,519,800455,000719,300$7,491,3004,591,3002,900,0001,174,300$1,725,700 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $281,600.2.Prepaid expenses increased $180,200 during the year.3.Accounts payable to suppliers of inventory decreased $347.600 during the year.4. Accrued expenses payable decreased $104,100 during the year.Administrative expenses include depreciation expense of $89,000.5.Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Vaughn Companyusing the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).)VAUGHN COMPANYStatement of Cash Flows (Partial) - Indirect Method

Name: please dont provide solution in image format thank you The income stat
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Description: please dont provide solution in image format thank you The income statement of Vaughn Company is presented here.VAUGHN COMPANYIncome StatementFor the Year Ended November 30, 2022Sales revenueCost of goods soldBeginning inventoryPurchasesGoods availab

Cash flow statement :— It is one of the financial statement that shows change in cash and cash…

Business

Accounting

Accounts receivable decreased $386,500 during the year, and inventory decreased $281,600. Prepaid expenses increased $180,200 during the year. 2. 3. Accounts payable to suppliers of inventory decreased $347.600 during the year. 4. Accrued expenses payable decreased $104,100 during the year. Administrative expenses include depreciation expense of $89,000. 1. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Vaughn Compa using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000)) VAUGHN COMPANY Statement of Cash Flows (Partial) - Indirect Method

Accounts receivable decreased $386,500 during the year, and inventory decreased $281,600. Prepaid expenses increased $180,200 during the year. 2. 3. Accounts payable to suppliers of inventory decreased $347.600 during the year. 4. Accrued expenses payable decreased $104,100 during the year. Administrative expenses include depreciation expense of $89,000. 1. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Vaughn Compa using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000)) VAUGHN COMPANY Statement of Cash Flows (Partial) - Indirect Method

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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