P12.3A (LO 2) The income statement of Whitlock Company is presented here. Prepare the operatu section-indirect m ch ow P12 Excel Whitlock Company lata aniau o Income Statemento no enoitounteni bodnen noibo sivitos goi go sd For the Year Ended November 30, 2020 Sales revenue lo lo Cost of goods sold Beginning inventory e Purchases caanl adi su g $7,700,000 (E o.) ATSI $1,900,000 oode sonalsl 4,400,000 Goods available for sale sdem6,300,000 Ending inventorys 1,400,000 Total cost of goods sold 4,900,000 000,00 Gross profit Operating expenses 2,800,000 1,150,000 143,000 000,00 Net income S1,650,000 000,0512 So82.500 alup'sblodabat2 bna sillidek Additional information: Equity 1. Accounts receivable increased $200,000 during the year, and inventory decreased $500,000, 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $340,000 during the 500 year. 4. Accrued expenses payable decreased $100,000 during the gninus year. 5. Operating expenses include depreciation expense of $70,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30. 2020, for Whitlock Company, using the indirect method. Cash from op $1,430,000 *P12.4A (LO 4) Data for Whitlock Company are presented in P12.3A. Prepare the ope section-direct Instructions Prepare the operating activities section of the statement of cash flows using the direct method. Cash from op $1,430,000