The income statement of Toby Zed NV is presented here.
Additional information:
1. Accounts receivable increased €200,000 during the year, and inventory decreased €500,000.
2. Prepaid expenses increased €175,000 during the year.
3. Accounts payable to suppliers of merchandise decreased €340,000 during the year.
4. Accrued expenses payable decreased €105,000 during the year.
5. Operating expenses include depreciation expense of €85,000.
Instructions
Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for Toby Zed, using the indirect method.
