Novak Company Income Statement For the Year Ended December 31, 2025 Sales revenue $7.000.000 Cost of goods sold Beginning inventory $1,950,000 Purchases 4,600,000 Goods available for sale 6550,000 Ending Inventory 1600,000 Cost of goods sold 4870000 Gross profit 2160000 Operating expenses Selling expenses 500.000 Administrative exper 640,000 1340000 Net income $1,000,000 Additional information 1 Accounts receivable decreased $330.000 during the year 2 Prepaid expenses increased $160.000 during the year 2 Accounts perable ta wepers of merchandise decreased $270,000 during the 4 Accrued expenses savable decreased $120.000 ding the year Administrative expenses include depreciation expense of $60.000 Prepare the operating activities section of the statement of cash flows for the year ended December 11, 2005 for Novak Compan using the indirect method. Show amounts that decree dow Ang-15.000 or 5000U NOVAK COMPANY Partial Statement of Cash Flows