The income statement of Waterway Company is presented here. WATERWAY COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7,477,800 Cost of goods sold Beginning inventory $1,888,900 Purchases 4,380,300 Goods available for sale 6,269,200 Ending inventory 1,536,600 Total cost of goods sold 4,732,600 Gross profit 2,745,200 Operating expenses Selling expenses 425,000 Administrative expenses 716,700 1,141,700 Net income $1,603,500 Additional information: 1. Accounts receivable decreased $380,600 during the year, and inventory decreased $352,300. 2. Prepaid expenses increased $168,900 during the year. 3. Accounts payable to suppliers of inventory decreased $337,000 during the year. 4. Accrued expenses payable decreased $102,300 during the year. 5. . Administrative expenses include depreciation expense of $86,900. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2022, for Waterway Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) WATERWAY COMPANY Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to > $ > > $