The income statement of Grouper Company is shown below.

GROUPER COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue				$6,910,000
Cost of goods sold
Beginning inventory		$1,910,000
Purchases		4,420,000
Goods available for sale		6,330,000
Ending inventory		1,610,000
Cost of goods sold				4,720,000
Gross profit				2,190,000
Operating expenses
Selling expenses		460,000
Administrative expenses		690,000		1,150,000
Net income				$1,040,000

Additional information:

1.		Accounts receivable decreased $360,000 during the year.
2.		Prepaid expenses increased $190,000 during the year.
3.		Accounts payable to suppliers of merchandise decreased $280,000 during the year.
4.		Accrued expenses payable decreased $100,000 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.

GROUPER COMPANY Statement of Cash Flows (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Increase in Prepaid ExpensesDecrease in InventoryCash Payments to SuppliersDividends ReceivedTaxes PaidDecrease in Accounts ReceivableIncrease in Accounts ReceivableInterest PaidDecrease in Prepaid ExpensesCash Receipts from CustomersCash Payments for Operating ExpensesIncrease in Inventory		$enter a dollar amount
select an item Interest PaidCash Payments to SuppliersCash Payments for Operating ExpensesIncrease in Accounts ReceivableDecrease in InventoryDecrease in Prepaid ExpensesDecrease in Accounts ReceivableTaxes PaidDividends ReceivedIncrease in Prepaid ExpensesCash Receipts from CustomersIncrease in Inventory	$enter a dollar amount
select an item Dividends ReceivedCash Payments to SuppliersIncrease in InventoryInterest PaidDecrease in Accounts ReceivableCash Payments for Operating ExpensesIncrease in Prepaid ExpensesDecrease in InventoryCash Receipts from CustomersDecrease in Prepaid ExpensesTaxes PaidIncrease in Accounts Receivable	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for the section

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