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 1,626,600 4.742,600 2,735,200 Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses 446.000 695,700 1,141,700 Net income $1,593,500 Additional information: 1 2 3. Accounts receivable decreased $392,800 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 using the direct method. Prepare the operating activities section of the statement of cash flows using the direct method. Sunland Company Partial Statement of Cash Flows For the Year Ended November 30, 2022 Cash Flows from Operating Activities cash payments: $ $