The income statement of Munsun Company is presented here. LO11 MUNSUN COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue $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 profi t 2,900,000 Operating expenses Selling expenses 450,000 Administrative expenses 700,000 1,150,000 Net income $1,750,000 Additional information:

1. Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.

2. Prepaid expenses increased $150,000 during the year.

3. Accounts payable to suppliers of merchandise decreased $350,000 during the year.

4. Accrued expenses payable decreased $100,000 during the year.

5. Administrative expenses include depreciation expense of $110,000.

Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, for Munsun Company, using the indirect method.