Problem 12-3A The income statement of Ivanhoe Company is presented here. $7,484,100 Ivanhoe Company Income Statement For the Year Ended November 30, 2017 Sales revenue Cost of goods sold Beginning inventory $1,866,600 Purchases 4,364,100 Goods available for sale 6,230,700 Ending inventory 1,630,900 Total cost of goods sold Gross profit Operating expenses Selling expenses 441,400 Administrative expenses 689,900 Net income 4,599,800 2,884,300 1,131,300 $1,753,000 Additional information: 1. Accounts receivable decreased $374,300 during the year, and Inventory decreased $235,700. 2. Prepaid expenses increased $148,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $346,100 during the year. 4. Accrued expenses payable decreased $100.000 during the year. 4. Accrued expenses payable decreased $100,000 during the year. 5. Administrative expenses include depreciation expense of $110,700. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, for Ivanhoe Company, using the indirect method. (Show amounts that decre c.g. - 15,000 or in parenthesis .. (15,000).) van Company Partial Statement of Cash Flows Adjustments to reconcile net income to signment > Open Assignment Click if you would like to Show Work for this question: Open Show Work