Prepare the operating activities section-indirect method. The income statement of Paxson Company is presented here. Additional information: Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. Prepaid expenses increased $150,000 during the year. Accounts payable to suppliers of merchandise decreased $350,000 during the year. Accrued expenses payable decreased $100,000 during the year. Administrative expenses include depreciation expense of $110,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30,2014, for Paxson Company, using the indirect method. Net cash provided $1,940,000