Problem 13-4A The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue $7,431,800 Cost of goods sold $1,880,900 Beginning inventory Purchases 4,343,000 Goods available for sale 6,223,900 Ending inventory 1,490,000 Total cost of goods sold 4,733,900 Gross profit 2,697,900 Operating expenses 1,144,400 $1,553,500 Net income Additional information: 1. Accounts receivable increased $190,300 during the year, and inventory decreased $390,900 2. Prepaid expenses increased $169,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $340,300 during the year. 4. Accrued expenses payable decreased $102,600 during the year. 5. Operating expenses include depreciation expense of $81,900. Prepare the operating activities section of the statement of cash flows using the direct method