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The income statement of Whitlock Company is presented here. $7,463,500 WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue Cost of goods sold Beginning inventory $1,930,200 Purchases 4,481,800 Goods available for sale 6,412,000 Ending inventory 1,468,500 Total cost of goods sold Gross profit Operating expenses Net income 4,943,500 2,520,000 1,153,000 $1,367,000 Additional information: 1. Accounts receivable increased $202,500 during the year, and inventory decreased $461,700. 2. Prepaid expenses increased $183,900 during the year. 3. Accounts payable to suppliers of merchandise decreased $331,300 during the year. 4. Accrued expenses payable decreased $108,900 during the year. 5. Operating expenses include depreciation expense of $91,400. 5. Operating expenses include depreciation expense of $91,400. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WHITLOCK COMPANY Partial Statement of Cash Flows