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The income statement of Swifty Company is shown below. SWIFTY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,920,000 Cost of goods sold Beginning inventory $1,880,000 Purchases 4,360,000 Goods available for sale 6,240,000 Ending inventory 1,600,000 Cost of goods sold 4,640,000 Gross profit 2,280,000 Operating expenses Selling expenses 440,000 Administrative expenses 710,000 1,150,000 Net income $1,130,000 Additional information: 1. Accounts receivable decreased $380,000 during the year. 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $270,000 during the year. 4. Accrued expenses payable decreased $110,000 during the year. 5. Administrative expenses include depreciation expense of $50,000. Prepare the operating activities section of the statement of cash flows using the direct method. SWIFTY COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers $ Cash Payments to Suppliers to Suppliers $ $ Cash Payments for Operating Expenses Net Cash Provided by Operating Activities