P 13-2A The statement of income Whistler Ltd., a private company reporting under ASPE, is presented here: WHISTLER LTD. Statement of Income Year Ended November 30, 2021 Sales Cost of Good Sold Gross Profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net Income Additional information: $ 8,000,000 5,000,000 3,000,000 2,000,000 1,000,000 100,000 900,000 300,000 $ 600,000 1. Operating expenses include $75,000 of depreciation expense and a $100,000 impairment loss on property, plant, and equipment[ 2. Accounts receivable increased by $190,000. 3. Inventory decreased by $50,000. 4. Prepaid expenses related to operating expenses increased by $40,000. 5. Accounts payable to suppliers of merchandise decreased by $180,000. 6. Accrued liabilities related to operating expenses decreased by $90,000. 7. Interest payable decreased by $10,000. 8. Deferred revenue that was received from customers decreased by $17,000. 9. Income tax payable increased by $20,000. Instructions Only part a is completed in Excel (a) Prepare the operating activities section of the statement of cash flows, using the indirect method. $75,000 $100,000 $190,000 $50,000 $40,000 $180,000 $90,000 $10,000 $17,000 $20,000