Cullumber Ltd. reported the following for the fiscal year 2021 CULLUMBER LTD. Income Statement Year Ended September 30, 2021 Sales $584,000 Cost of goods sold 339.000 Gross profit 245,000 Operating expenses $ 110,000 Depreciation expense 35,000 Gain on sale of land (45,000) 100,000 Profit before income tax 145,000 Income tax expense 36,250 Pront $108,750 Additional information: 1. Accounts receivable decreased by $16,400 during the year. 2. Inventory increased by $7.900 during the year. 3. Prepaid expenses decreased by $5,900 during the year. 4. Accounts payable to suppliers increased by $11.400 during the year. 5. Accrued expenses payable increased by $5,400 during the year. 6. Income tax payable decreased by $7.200 during the year. Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a signe.g. - 15,000 or in parenthesis es. (15,000).) 2. Inventory increased by $7.900 during the year. 3. Prepaid expenses decreased by $5,900 during the year. 4. Accounts payable to suppliers increased by $11,400 during the year. 5. Accrued expenses payable increased by $5,400 during the year. 6. Income tax payable decreased by $7,200 during the year. Prepare the operating activities section of the cash flow statement using the direct method. (Show amounts that decrease cash flow with either a sign e... 15,000 or in parenthesis es. (15,000).) CULLUMBER LTD. Cash Flow Statement (Partial)- Direct Method $ v $ $