The income statement of Skysong, Inc. is presented here." Skysong, Inc. Income Statement For the Year Ended November 30, 2019 Sales revenue $7,508,600 Cast of goods sold Beginning inventory $1,822,600 Purchases 4,337,300 Goods available for sale 6,159,900 Ending inventory 1,451,500 Total cost of goods sold 4,708,400 Gross profit 2,800,200 Operating expenses 1,040,700 Net income $1,759,500 Additional information: Accounts receivable increased $201,000 during the year, and inventory decreased $371,100. Prepaid expenses increased $180,400 during the year. Accounts payable to suppliers of merchandise decreased $336,700 during the year. Accrued expenses payable decreased $108,300 during the year. Operating expenses include depreciation expense of $82,000. Prepare the operating activities section of the statement of cash flows using the direct method. Skysong, Inc. Partial Statement of Cash Flows For the Year Ended November 30, 2019 Cash Flows f am Operating Act For Income axes Less cash payments: For Operating Expenses 82000 e Textbook and Media Save for Later Attempts: 0 of 2 used Submit