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The income statement of Matthew NV is presented here. Matthew NV Income Statement For the...

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Accounting

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The income statement of Matthew NV is presented here. Matthew NV Income Statement For the Year Ended November 30, 2020 Sales revenue 9,450,000 Cost of goods sold Beginning inventory 2,394,000 Purchases 5,544,000 Goods available for sale 7,938,000 Ending inventory 1,764,000 Total cost of goods sold 6,174,000 Gross profit 3,276,000 Operating expenses 1,449,000 Net income 1,827,000 Additional information: 1. Accounts receivable increased 252,000 during the year, and inventory decreased 630,000. 2. Prepaid expenses increased 220,500 during the year. 3. Accounts payable to suppliers of merchandise decreased 428,400 during the year. 4. Accrued expenses payable decreased 132,300 during the year. 5. Operating expenses include depreciation expense of 107,100. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) MATTHEW NV Partial Statement of Cash Flows Cash payments: >

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