The income statement of Whitlock Company is presented here. $7,552,900 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,876,800 Purchases 4,357,300 Goods available for sale 6,234,100 Ending inventory 1,467,800 Total cost of goods sold Gross profit Operating expenses Net income 4,766,300 2,786,600 1,084,300 $1,702,300 Additional information: 1. Accounts receivable increased s193,700 during the year, and inventory decreased $409,000. 2. Prepaid expenses increased $181,300 during the year. 3. Accounts payable to suppliers of merchandise decreased $343,400 during the year. 4. Accrued expenses payable decreased $100,400 during the year. 5. Operating expenses include depreciation expense of $83,200. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for Whitlock 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).) WHITLOCK COMPANY Partial Statement of Cash Flows For the Year Ended November 30, 2020 Cash Flows from Operating Activities Net Income $ 1,702,300 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Inventory 409,000 Decrease in Accounts Receivable Increase in Prepaid Expenses Decrease in Accounts Payable Decrease in Accrued Expenses Payable Depreciation Expense 83,200 Net Cash Provided by Operating Activities Click if you would like to Show Work for this question: Open Show Work