The income statement of Gise Company is shown below: GISE COMPANY Income Statement For the Year Ended December 31, 2027 Sales = $8500000 Cost of goods sold = $5300000 Gross profit = $3200000 Operating expenses Selling and administrative expenses = $1210000 Depreciation expense = $70000 Amortization expense = $30000 = $1310000 Net income = $1890000 Additional information: 1. Accounts receivable increased $600,000 during the year. 2. Inventory increased $250,000 during the year. 3. Prepaid expenses increased $150,000 during the year. 4. Accounts payable to merchandise suppliers increased $125,000 during the year. 5. Accrued expenses payable increased $180,000 during the year. Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2027 for Gise Company

4) The income statement of Gise Company is shown below: GISE COMPANY Income Statement For the Year Ended December 31, 2027 Additional information: 1. Accounts receivable increased \\( \\$ 600,000 \\) during the year. 2. Inventory increased \\( \\$ 250,000 \\) during the year. 3. Prepaid expenses increased \\( \\$ 150,000 \\) during the year. 4. Accounts payable to merchandise suppliers increased \\( \\$ 125,000 \\) during the year. 5. Accrued expenses payable increased \\( \\$ 180,000 \\) during the year. Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2027 for Gise Company