1. The income statement of Sandhill Company is shown below. SANDHILL COMPANY INCOME STATEMENT F THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,380,000 Cost of goods sold Beginning inventory $2,080,000 Purchases 4,350,000 Goods available for sale 6,430,000 Ending inventory 1,460,000 Cost of goods sold 4,970,000 Gross profit 1,410,000 Operating expenses Sel expenses 430,000 Administrative expenses 670,000 1,100 Net income $310,000 Additional information: 1. Account receivable decreased $300,000 during the year. 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,000 during the year. 4. Accrued expenses payable decreased $110,000 during the year. 5. Administrative expenses inc depreciation expense of $70,000. Prepare the operating activities section of the statement of cash flows for the y ended December 31, 2020, for Sandhill Company, using t indirect method. 2. The accounts below appear in the ledger of Pearl Comp