The income statement of Ayayai Corporation is presented here. Additional information: 1. Accounts receivable increased...
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Accounting
The income statement of Ayayai Corporation is presented here. Additional information: 1. Accounts receivable increased $300,000 during the year, and inventory decreased $500,000. 2. Prepaid expenses, which relate to administrative expenses, increased $100,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $300,000 during the year. 4. Accrued salaries payable decreased $100,000 during the year. 5. Income tax payable increased $50,000 during the year. Prepare the operating activities section of the statement of cash flows for the year ended November 30,2018 , for Ayayai Corporation . . ... . ; s e.g. (15,000)
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