XYZ Corp Income Statement For the year ended December 31, 2010 ADDITIONAL INFORMATION receivable decreased $150,000 during the year. Prepaid expenses increased $100,000 during the year. Accounts payable to suppliers of merchandise decreased $250,000 during the year. Inventory increased $400,000 during the year. Accrued expenses payable increased $200,000 during the year. Administrative expenses include depreciation expense of $400,000. Income tax payable decreased $20,000 during the year. Required: Prepare the operating Activities section of Statement of Cash Flows Using the Direct method