The income statement of Grouper Corp. is presented here Grouper Corp Income Statement For the Year Ended November 30, 2017 Sales revenue $7,712,000 Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory $1,890,400 4,369,200 6,259,600 1,579,200 Total cost of goods sold Gross profit Operating expenses 4,680,400 3,031,600 Selling expenses Administrative expenses 459,000 712,300 1,171,300 Net income $1,860,300 Additional information: 1. Accounts receivable decreased $381,200 during the year, and inventory decreased $311,200 2. Prepaid expenses increased $151,400 during the year. 3. Accounts payable to suppliers of merchandise decreased $345,900 during the year 4. Accrued expenses payable decreased $98,200 during the year. 5. Administrative expenses include depreciation expense of $112,200 Prepare the operating activities section of the statement of cash flows using the direct method