The statement of income for Wildhorse Ltd., a private company reporting under ASPE, is presented here: WILDHORSE LTD. Statement of Income Year Ended November 30, 2021 Sales $8,200,000 Cost of goods sold 4,400,000 Gross profit 3,800,000 Operating expenses 2,100,000 Income from operations 1,700,000 Interest expense 100,000 Income before income tax 1,600,000 Income tax expense 340,000 Net income $1,260,000 Additional information regarding 2021: 1. Operating expenses include $78,000 of depreciation expense and a $108,000 impairment loss on property, plant, and equipment. 2. Accounts receivable increased by $188,000. 3. Inventory decreased by $55,000. 4. Prepaid expenses related to operating expenses increased by $48,000. 5. Accounts payable to suppliers of inventory decreased by $186,000. 6. Rent payable related to operating expenses decreased by $90,000. 7. Interest payable decreased by $19,000. 8. Deferred revenue received from customers decreased by $14,000. 9. Income tax payable increased by $30,000. (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).)