The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Net income Additional information: $1,800,000 4,300,000 6,100,000 1,300,000 $7,400,000 4,800,000 2,600,000 1,000,000 $1,600,000

The income statement of Whitlock Company is presented here. 1. Accounts receivable increased $190,000 during the year, and inventory decreased $500,000. 2. Prepaid expenses increased $165,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $330,000 during the year. 4. Accrued expenses payable decreased $100,000 during the year. 5. Operating expenses include depreciation expense of $80,000. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign es 15,000 or in parenthesis es. (15,000)) repare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow wh either a-sign es 15,000 or in porenthesis es. (15,000) )