Problem 13-3A The income statement of Whitlock Company is presented here WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue $7,407,400 Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory $1,920,000 4,485,300 6,405,300 1,445,800 Total cost of goods sold Gross profit Operating expenses Net income 4,959,500 2,447,900 1,081,100 $1,366,800 Additional information 1. Accounts receivable increased $197,100 during the year, and inventory decreased $474,200 2. Prepaid expenses increased $183,800 during the year 3. Accounts payable to suppliers of merchandise decreased $338,400 during the year. 4. Accrued expenses payable decreased $106,900 during the year 5. Operating expenses include depreciation expense of $87,600 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, for Whitlock Company, using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) WHITLOCK COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to