The income statement of Coronado Company is presented here. CORONADO COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7,524,400 Cost of goods sold Beginning inventory $1,916,200 Purchases 4,438,600 Goods available for sale 6,354,800 Ending inventory 1,664,600 Total cost of goods sold 4,690,200 Gross profit 2,834,200 Operating expenses Selling expenses 441,000 Administrative expenses 750,900 1,191,900 Net income $1,642,300 Additional information: 1. Accounts receivable decreased $409,400 during the year, and inventory decreased $251,600. N 2 3. 4. 5. Prepaid expenses increased $172,900 during the year. Accounts payable to suppliers of inventory decreased $340,400 during the year. Accrued expenses payable decreased $103,900 during the year. Administrative expenses include depreciation expense of $110,100. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a signes-15,000 or in parenthesis ea. (15,000)) CORONADO COMPANY Partial Statement of Cash Flows cash payments eTextbook and Media