Current Attempt in Progress The income statement of Bramble Corp. is presented here. Bramble Corp. Income Statement For the Year Ended November 30, 2020 $1,932,400 4,449,500 6,381,900 1,392,200 $7,575,100 Beginning inventory Purchases: Goods available for sale. Ending inventory Total cost of goods sold 4,989,700 Gross profit 2,585,400 Operating expenses 1,049,100 Net income $1,536,300 Additional information: 1. Accounts receivable increased $199,300 during the year, and inventory decreased $540,200. 2. Prepaid expenses increased $170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $338,500 during the year. 4. Accrued expenses payable decreased $108,400 during the year. 5. Operating expenses include depreciation expense of $81,400. Prepare the operating activities section of the statement of cash flows using the direct method. Sales revenue Cost of goods sold Additional information: 1. Accounts receivable increased $199,300 during the year, and inventory decreased $540,200. 2. Prepaid expenses increased $170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $338,500 during the year. 4. Accrued expenses payable decreased $108,400 during the year. 5. Operating expenses include depreciation expense of $81,400. Prepare the operating activities section of the statement of cash flows using the direct method. Bramble Corp. Partial Statement of Cash Flows cash payments: