SORRY FOR THE WEIRD DIMENSIONS. CHEGG UPLOAD ISN'T DOING IT RIGHT. FOR A MUCH CLEARER IMAGE PLEASE GO TO: http://imgur.com/Nh7WlBO The income statement of Paxson Company is presented here.

PAXSON COMPANY Income Statement For the Year Ended November 30, 2014
Sales revenue				$7,712,000
Cost of goods sold
Beginning inventory		$2,436,200
Purchases		4,503,500
Goods available for sale		6,939,700
Ending inventory		1,520,100
Total cost of goods sold				5,419,600
Gross profit				2,292,400
Operating expenses
Selling expenses		423,200
Administrative expenses		726,500		1,149,700
Net income				$1,142,700

Additional information:

1.		Accounts receivable decreased $417,900 during the year, and inventory decreased $916,100.
2.		Prepaid expenses increased $149,500 during the year.
3.		Accounts payable to suppliers of merchandise decreased $352,300 during the year.
4.		Accrued expenses payable decreased $118,800 during the year.
5.		Administrative expenses include depreciation expense of $148,400.

Prepare the operating activities section of the statement of cash flows using the direct method. (Show amount in parenthesis e.g. (15,000).)