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The income statement of Sunland Company is presented here.

SUNLAND COMPANY Income Statement For the Year Ended November 30, 2022
Sales revenue				$7,588,700
Cost of goods sold
Beginning inventory		$1,907,800
Purchases		4,306,600
Goods available for sale		6,214,400
Ending inventory		1,596,300
Total cost of goods sold				4,618,100
Gross profit				2,970,600
Operating expenses
Selling expenses		440,000
Administrative expenses		698,800		1,138,800
Net income				$1,831,800

Additional information:

1.		Accounts receivable decreased $382,500 during the year, and inventory decreased $311,500.
2.		Prepaid expenses increased $174,000 during the year.
3.		Accounts payable to suppliers of inventory decreased $332,100 during the year.
4.		Accrued expenses payable decreased $106,900 during the year.
5.		Administrative expenses include depreciation expense of $94,200.

Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Sunland Company, 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).)

SUNLAND COMPANY Statement of Cash Flows (Partial) Indirect Method choose the accounting period For the Year Ended November 30, 2022For the Month Ended November 30, 2022November 30, 2022
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable		$enter a dollar amount
Adjustments to reconcile net income to
select a subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	$enter a dollar amount
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	enter a dollar amount
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	enter a dollar amount
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	enter a dollar amount
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	enter a dollar amount
select an item Net IncomeDepreciation ExpenseDecrease in InventoryIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Accrued Expenses PayableIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts Payable	enter a dollar amount
		enter a subtotal of the adjustments
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for the section

10(L)

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