The income statement of Tamarisk Company is shown below. TAMARISK COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,850,000 Cost of goods sold Beginning inventory $1,920,000 PurchasesGoodsavailableforsale4,410.0006,330,000 Ending inventory 1,600.000 Cost of goods sold Gross profit 2,120,0004,730,000 Operating expenses Selling expenses 450,000 Additional information: 1. Accounts receivable decreased $370,000 during the year. 2. Prepaid expenses increased $160,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $250,000 during the year. 4. Accrued expenses payable decreased $90.000 during the year. 5. Administrative expenses include depreciation expense of $70,000. Prepare the operating activities section of the statement of cash flows using the direct method. TAMARISK COMPANY Statement of Cash Flows (Partial) December 31,2020 $