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*P12-4A Data for Mazor Company are presented in P12-3A.

Price: $3.99


*P12-4A Data for Mazor Company are presented in P12-3A.

Instructions

Prepare the operating activities section of the statement of cash flows using the direct
method.

data from P12-4A
MAZOR COMPANY
Income Statement
For the Year Ended November 30, 2012
Sales $7,600,000
Cost of goods sold
Beginning inventory $1,900,000
Purchases 4,400,000
Goods available for sale 6,300,000
Ending inventory 1,600,000
Total cost of goods sold 4,700,000
Gross profit 2,900,000
Operating expenses
Selling expenses 450,000
Administrative expenses 700,000 1,150,000
Net income $1,750,000

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