?The income statement of Whitlock Company is presented here.?

Problem 13-3A The income statement of Whitlock Company is presented here WHITLOCK COMPANY Income Statement Sales revenue Cost of goods sold $7,700,000 Beginning inventory $1,900,000 Purchases Goods available for sale 6,300,000 40 Ending inventory Total cost of goods sold Gross profit Operating expenses Net income 4 2,800,000 Additional information: 1. Accounts receivable increased $200,000 during the year, and inventory decreased $500,000 2. Prepaid expenses increased $150,000 during the year 3. Accounts payable to suppliers of merchandise decreased $340,000 during the year. 4. Accrued expenses payable decreased $100,000 during the year 5. Operating expenses include depreciation expense of $70,000 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, 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 Adjustments to reconcile net income to