Problem 12-04A The income statement of Tamarisk, Inc. is presented here. $7,415,200 Tamarisk, Inc. Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,943,400 Purchases 4,367,400 Goods available for sale 6,310,800 Ending inventory 1,348,800 4,962,000 Total cost of goods sold Gross profit Operating expenses 2,453,200 1,069,800 $1,383,400 Net income Additional information: 1. Accounts receivable increased $207,400 during the year, and inventory decreased $594,600. 2. Prepaid expenses increased $174,400 during the year. 3. Accounts payable to suppliers of merchandise decreased $332,900 during the year. 4. Accrued expenses payable decreased $100,400 during the year. 5. Operating expenses include depreciation expense of $98,500. Prepare the operating activities section of the statement of cash flows using the direct method. Tamarisk, Inc. Partial Statement of Cash Flows $ cash payments: $ $