$\backslash$table$[[$P$17\mathrm{.}3$A $($LO $2),$I The income statement of Whitlock Company is presented here.,$\backslash$table$[[$Prepare the ope$]]],[\backslash$table$[[$Whitlock Company$],[$Income Statement$],[$For the Year Ended November $30,2020]],$Excel$],[$Sales revenue,,$$7,700,000,],[$Cost of goods sold,,,$],[$Beginning inventory,$$1,900,000,,],[$Purchases$,4,400,000,,],[$Goods available for sale,$6,300,000,,],[$Ending inventory,$1,400,000,,],[$Total cost of goods sold,,$4,900,000,],[$Gross profit,,$2,800,000,],[$Operating expenses,,$1,150,000,],[$Net income,,$$1,650,000,]]$

Additional information:

Accounts receivable increased $$200,000$ during the year, and inventory decreased $$500,000.$

Prepaid expenses increased $$150,000$ during the year.

Accounts payable to suppliers of merchandise decreased $$340,000$ during the year.

Accrued expenses payable decreased $$100,000$ during the year.

Operating expenses include depreciation expense of $$70,000.$

Instructions

Prepare the operating activities section of the statement of cash flows for the year ended November $30,$

Cash from op

$2020,$ for Whitlock Company, using the indirect method.

$$1,430,000$