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The income statement of Whitlock Company is presented here. Additional information: 1. Accounts receivable increased $204,800 during the year, and inventory decreased $496,900. 2. Prepaid
The income statement of Whitlock Company is presented here. Additional information: 1. Accounts receivable increased $204,800 during the year, and inventory decreased $496,900. 2. Prepaid expenses increased $165,400 during the year. 3. Accounts payable to suppliers of merchandise decreased $338,800 during the year. 4. Accrued expenses payable decreased $101,700 during the year. 5. Operating expenses include depreciation expense of $89,900. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with oither A - cian o o -15 Onnr in narenthecic o o (15OnOl)
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