Question 1 of 10 1. Accounts receivable decreased $310,000 during the year. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,000 during the year. 4. Accrued expenses payable decreased $140,000 during the year. 5. Administrative expenses include depreciation expense of $70,000. SHEFFIELD COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accrued Expenses Payable $ Depreciation expense Increase in Prepaid Expenses Decrease in Accounts Receivable Increase in Prepaid Expenses Decrease in Accounts Receivable Decrease in Accounts Pavable Decrease in Inventory NerCash Provided by Operating Activities eTextbook and Media