S&C Company INCOME STATEMENT For the year ended December 31st, 2021 7,200,000 Sales Cost of Good Sold Beg. Inventory Purchases Goods Avail. for sale Ending Inventory Cost of Good Sold 2,350,000 5,600,000 7,950,000 3,200,000 4,750,000 4,750,000 Gross Margin 2,450,000 Operating Expenses Depreciation Expense Selling Expenses Admin. Expenses Net Income 356,000 256,000 399,000 1,011,000 1,439,000 Other information A/R increased PP Expense decrased A/P Increased Wages Payable increased Office Supplies decreased Income Taxes decreased 250,000 50,000 25,000 32,556 15,222 14,256 Prepare the operation activity section of the statement of cash flows for the year ended 12/31/2021 for S&C Company using the inderct method. Show your work