ement of Cash Flows E23.3 (LO2,3) (Preparation of Operating Activities Section-Indirect Method, Periodic Inventory) The income statement of Rodriquez SA is shown below. Rodriquez SA Income Statement For the Year Ended December 31, 2019 Sales revenue R$6,900,000 Cost of goods sold Beginning inventory R$1,900,000 Purchases 4,400,000 Goods available for sale 6,300,000 Ending inventory 1,600,000 Cost of goods sold 4,700,000 Gross profit 2,200,000 Operating expenses Selling expenses 450,000 Administrative expenses 700,000 1,150,000 Net income R$1,050,000 Additional information: 1. Accounts receivable decreased R$310,000 during the year. 2. Prepaid expenses increased R$170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased R$275,000 during the year. 4. Accrued expenses payable decreased R$120,000 during the year. 5. Administrative expenses include depreciation expense of R$60,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2019, for Rodriquez SA, using the indirect method. E23.4 (LO2.3) Method) Data for the