The income statement of Whitlock Company is presented here.

WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017
Sales revenue				$7,426,700
Cost of goods sold
Beginning inventory		$1,936,200
Purchases		4,401,100
Goods available for sale		6,337,300
Ending inventory		1,456,800
Total cost of goods sold				4,880,500
Gross profit				2,546,200
Operating expenses				1,148,400
Net income				$1,397,800

Additional information:

1.		Accounts receivable increased $207,000 during the year, and inventory decreased $479,400.
2.		Prepaid expenses increased $174,000 during the year.
3.		Accounts payable to suppliers of merchandise decreased $347,100 during the year.
4.		Accrued expenses payable decreased $104,200 during the year.
5.		Operating expenses include depreciation expense of $81,300.

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).)

Problem 13-3A The income statement of Whitlock Company is presented here WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue Cost of goods sold $7,426,700 $1,936,200 4,401,100 6,337,300 1,456,800 Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Net income 4,880,500 2,546,200 1,148,400 $1,397,800 Additional information: 1. Accounts receivable increased $207,000 during the year, and inventory decreased $479,400 2. Prepaid expenses increased $174,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $347,100 during the year 4. Accrued expenses payable decreased $104,200 during the year 5. Operating expenses include depreciation expense of $81,300