The income statement of Toby Zed Company is presented here.

Toby Zed Company Income Statement For the Year Ended November 30, 2014 Sales revenue $7,500,000 Cost of goods sold Beginning inventory $1,900,000 Purchases 4,400,000 Goods available for sale 6,300,000 Ending inventory 1,400,000 Total cost of goods sold 4,900,000 Gross profit 2,600,000 Operating expenses 1,150,000 Net income $1,450,000 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 Cash from operations Prepare the operating activities section of the statement of cash flows for the year ended $1,215,000 November 30, 2014, for Toby Zed Company, using the indirect method.