The statement of income for Ivanhoe Ltd., a private company reporting under ASPE, is presented here: IVANHOE LTD. Statement of Income Year Ended November 30, 2021 Sales $8,100,000 Cost of goods sold 4,350,000 Gross profit 3,750,000 Operating expenses 2,040,000 Income from operations 1,710,000 Interest expense 140,000 Income before income tax 1,570,000 Income tax expense 340,000 Net income $1,230,000 Additional information regarding 2021: 1. Operating expenses include $75,000 of depreciation expense and a $110,000 impairment loss on property, plant, and equipment. 2. Accounts receivable increased by $186,000. 3. Inventory decreased by $52,000. 4. Prepaid expenses related to operating expenses increased by $50,000. 5. Accounts payable to suppliers of inventory decreased by $188,000. 6. Rent payable related to operating expenses decreased by $91,000. 7. Interest payable decreased by $20,000. 8. Deferred revenue received from customers decreased by $24,000. 9. Income tax payable increased by $21,000. (a) Prepare the operating activities section of the statement of cash flows, 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).)