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For the year ended December 31, 2010 Cost of goods sold 1,600,000 Operating expenses Seling expenses Administrative expenses 700.000 Operating income Interest expense ncome tax expense 648,000 ADDITIONAL INFORMATION 1. Accounts receivable decreased $400,000 during the year, 2. Prepaid expenses decreased $160,000 during the year 3, Accounts payable to suppliers of merchandise increased $200,000 during the 4, inventory decreased $300,000 during the year 5. Accrued expenses payable decreased $150,000 during the year. 6, Administrative expenses in depreciation expense of $100,000 7. Income tax payable increased $15,000 during the year. Prepare the operating Activities section of Statement of Cash Flows using the Direct method