prepare the operating activities section of the statement of cash flows using the direct method.

The income statement of Grouper Company is shown below. Additional information: 1. Accounts receivable decreased $390,000 during the year 2. Prepaid expenses increased $160,000 during theycar: 3. Accounts payable to suppliers of merchandive decreased 5300.000 during the year. 4. Accrued expenses payable decreased 5110000 during the yean 5. Administrative expenses include depreciation expense of $50.000. Prepare the operating activities sectioc of the statement of cash flows using the direct method