The income statement of Sunland Company is presented here. Sunland Company Income Statement For the Year Ended November 30, 2022 Sales revenue $7,477,800 Cost of goods sold Beginning inventory $1.988,900 Purchases 4,380,300 Goods available for sale 6,369,200 Ending inventory 1,626,600 Total cost of goods sold 4,742,600 Gross profit 2,735,200 Operating expenses Selling expenses 446,000 Administrative expenses 695,700 1,141,700 Net income $1,593,500 Additional information: 1. 2. 3. Accounts receivable decreased $392,600 during the year, and inventory decreased $362,300. Prepaid expenses increased $168,900 during the year. Accounts payable to suppliers of merchandise decreased $337,000 during the year. Accrued expenses payable decreased $102,300 during the year. Administrative expenses include depreciation expense of $106,900. 4. 5. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Sunland Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign eg.-15,000 or in parenthesis eg. (15,000).) Sunland Company Partial Statement of Cash Flows For the Year Ended November 30, 2022 Cash Flows from Operating Activities Net Income 1,593,500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 106,900 Decrease in Accounts Receivable 392,600 Decrease in Inventory 362,300 Increase in Prepaid Expenses 168,900 Decrease in Accounts Payable 337,000 Decrease in Accrued Expenses Payable 102,300 $ 253,600 Net Cash Provided by Operating Activities 1.847.100