Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2019, for Skysong, Inc., using the indirect method.

Skysong, Inc. Income Statement For the Year Ended November 30, 2019 Sales revenue $7,552,900 Cost of goods sold Beginning inventory $1,876,800 Purchases 4,357,300 Goods available for sale 6,234,100 Ending inventory 1,467,800 Total cost of goods sold 4,766,300 Gross profit 2,786,600 Operating expenses 1,084,300 Net income $1,702,300 Additional information: 1. Accounts receivable increased $193,700 during the year, and inventory decreased $409,000. 2. Prepaid expenses increased $181,300 during the year. 3. Accounts payable to suppliers of merchandise decreased $343,400 during the year. 4. Accrued expenses payable decreased $100,400 during the year. 5. Operating expenses include depreciation expense of $83,200