ZQ Company Income Statement For the Year Ended 30 November, 2020 RM 7,500,000 RM Sales revenue Cost of goods sold Beginning inventory 1,900,000 4,400,000 6,300,000 1,400,000 Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Net income 4,900,000 2,600,000 1.150,000 1,450,000 ======D Additional information: Accounts receivable increased RM200,000 during the year, and inventory decreased RM500,000. Prepaid expenses increased RM175,000 during the year. Accounts payable to suppliers of merchandise decreased RM340,000 during the 1. 2. 3. year. Accrued expenses payable decreased RM105,000 during the year. Operating expenses indude depreciation expense of RMB5,000. 4. 5. Required: Prepare the operating activities section of the statement of cash flows for the year ended 30 November, 2020, for ZQ Company, using the indirect method. Prepare the operating activities section of the statement of cash flows for the year ended 30 November, 2020, for ZQ Company, using the direct method. 4.