PREPARE THE OPERATING ACTIVITIES SECTION OF THE STATEMENT OF CASH FLOW FOR THE YEAR ENDED NOV, 30 2017, FOR WHITLOCK COMPANY USING THE INDIRECT METHOD.

The income statement of Whitlock Company is presented here. Additional information: Accounts receivable increased $200,000 during the year, and inventory decreased $500,000. Prepaid expenses increased $150,000 during the year. Accounts payable to suppliers of merchandise decreased $340,000 during the year. Accrued expenses payable decreased $100,000 during the year. Operating expenses include depreciation expense of $70,000