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Monty Corp. Income Statement For the Year Ended November 30, 2022
Sales revenue				$7,457,900
Cost of goods sold
Beginning inventory		$1,862,000
Purchases		4,458,300
Goods available for sale		6,320,300
Ending inventory		1,572,700
Total cost of goods sold				4,747,600
Gross profit				2,710,300
Operating expenses
Selling expenses		450,900
Administrative expenses		705,300		1,156,200
Net income				$1,554,100

Additional information:

1.		Accounts receivable decreased $377,500 during the year, and inventory decreased $289,300.
2.		Prepaid expenses increased $150,500 during the year.
3.		Accounts payable to suppliers of merchandise decreased $347,900 during the year.
4.		Accrued expenses payable decreased $100,700 during the year.
5.		Administrative expenses include depreciation expense of $109,800.

Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Monty Corp., 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). Monty Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to

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