Question 4 of 5 The statement of income for Ivanhoe Ltd., a private company reporting under ASPE, is presented here: Ivanhoe Ltd. Statement of Income Year Ended September 30, 2024 Sales $12.009,000 Cost of goods sold 7,514,000 Gross profit 4,495,000 Operating expenses 2,490,000 Income from operations 2,005,000 Interest expense 200,500 Income before income tax 1,804,500 Income tax expense 499,500 Net income $1,305,000 -/20 E R Additional information regarding 2024: 1. Operating expenses include $25,500 of depreciation expense and a $376,000 impairment loss on equipment. 2. Accounts receivable decreased by $81,500. 3. Inventory increased by $149,000. 4. Prepaid expenses related to operating expenses decreased by $59,500. 5. Deferred revenue received from customers decreased by $169,500. 6. Interest payable decreased by $150,000. 7. Accounts payable to suppliers of inventory decreased by $251,000. 8. Rent payable related to operating expenses increased by $29,000. 9. Income tax payable increased by $95,000. (a) Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) SUR