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

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The income statement of Sheffield Company is presented here. SHEFFIELD COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7,445,200 Cost of goods sold Beginning inventory $2,002,700 PurchasesGoodsavailableforsale4,414,0006,416,700 Ending inventory 1,630,700 Total cost of goods sold Gross profit 2,659,2004,786,000 Operating expenses Selling expenses 458,000 Administrative expenses Net income 738,200 $1,463,0001,196,200 Additional information: 1. Accounts receivable decreased $380,000 during the year, and inventory decreased $372,000. 2. Prepaid expenses increased $169,900 during the year. 3. Accounts payable to suppliers of inventory decreased $342,700 during the year: 4. Accrued expenses payable decreased $106,900 during the year. 5. Administrative expenses include depreciation expense of $117.800. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign es. 15,000 or in parenthesis es. (15,000).) SHEFFIELD COMPANY Partial Statement of Cash Flows $ cash payments