The statement of income of Ayayai Corporation is presented here. Additional information: Additional information: 1....
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Accounting
The statement of income of Ayayai Corporation is presented here. Additional information: Additional information: 1. Accounts receivable increased $360,000 during the year, and inventory decreased $600,000. 2. Prepaid expenses, which relate to administrative expenses, increased $180,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $420,000 during the year: 4. Accrued salaries payable decreased $120,000 during the year: 5. Income tax payable increased $78,000 during the year. (a) Prepare the operating activities section of the statement of cash flows for the year ended November 30. 2022, for Ayayai Corporation using the indirect method. (Show amounts that decrease cash flow with either a - sign eg - 15,000 or in parenthesiseg (15,000)] (15.000)
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