The income statement of whitlock company is presented here

Whitlock company

income statement

for the year ended November 30,2015

sales revenue 7,700,000

cost of goods sold

beginning inventory $1,900,000

purchases $4,400,000

goods available for sale6,300,000

ending inventory 1,400,000

Total cost of goods sold 4,900,000

gross profit 2,800,000

operating expenses 1,150,000

net income 1,650,000

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, 2015 for Whitlock Company, using the indirect method.