CULLUMBER LTD. Income Statement Year Ended November 30, 2018 Sales $8,100,000 Cost of goods sold 4,400,000 Gross profit 3,700,000 Operating expenses 2.040,000 Income from operations 1,660,000 Interest expense 135,000 Income before income tax 1,525,000 Income tax expense 350,000 Net income $1,175,000 Additional information: 1. Operating expenses indude $73,000 of depreciation expense and a $107.000 impairment loss on property, plant, and equipment. 2. Accounts receivable increased by $180,000. 3. Inventory decreased by $54,000. 4. Prepaid expenses related to operating expenses increased by $47,000. 5. Accounts payable to suppliers of merchandise decreased by $190,000 6. Accrued liabilities related to operating expenses decreased by $99,000. 7. Interest payable decreased by $17,000. 8. Unearned revenue that was received from customers decreased by $19,000. 9. Income tax payable increased by $25,000. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15 CULLUMBER LTD. Statement of Cash Flows (Partial)-Indirect Method Year Ended November 30, 2018 Operating activities Adjustments to recondile net income to