Additional information: \begin{tabular}{l|c|l|l|} 1. Accounts receivable increased by & $250,000 & during the year, and inventory decreased $500,000 \\ \hline \end{tabular} 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $340,000 during the year. \begin{tabular}{l|c|c|} 4. Accrued expenses payable decreased $100,000 & during the year. \\ 5. depreciation expense of & $90,000 \\ \hline \end{tabular} Instructions: Prepare the operating activities section of the statement of cash flows for the year ended November 30,2011 , for Elbert Company, using the indirect method. ELBERT COMPANY Partial Statement of Cash Flows For the Year Ended November 31, 2011