The income statement of Whitlock Company is presented here WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue $7,459,100 Cost of goods sold $1,986,400 Beginning inventory Purchases Goods available for sale Ending inventory 6,357,600 1,444,200 4,913,400 2,545,700 Total cost of goods sold Gross proft Operating expenses Net income $1,423,200 Additional information 1. Accounts receivable increased $198,900 during the year, and inventory decreased $542,2 2. Prepaid expenses increased $180,000 during the year 3. Accounts payable to suppliers of merchandise decreased $334,000 during the year 4. Accrued expenses payable decreased $108,500 during the year S. Operating expenses include depreciation expense of $98,000 Prepare the operating activities section of the statement of cash flows using the direct metho WHITLOCK COMPANY Partial Statement of Cash Flows DYNE