Current Attempt in Progress The income statement of Swifty Company is shown below. 1. Accounts receivable decreased $360,000 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 include depreciation expense of $60,000. Prepare the operating activities section of the statement of cash flows using the direct method. SWIFTY COMPANY Partial Statement of Cash Flows 1 eTestbook and Media