Preparing Operating Activities Section Konverse Company reported net income of $600,000 in 2020. Depreciation expense was $45,000 and amortization expense on patents was $7,500 in 2020. In addition, the balance sheet reported the following balance changes during 2020. $15.000 13,500 6.000 Decrease in accounts receivable Increase in debt investments classified as available-for-sale securities Decrease in prepaid expenses Decrease in accounts payable Increase in accrued expenses Decrease in short-term nontrade notes payable 24,000 13,500 24,000 Prepare the operating activities section of the statement of cash flows using the indirect method. Note: If an item is not required for this statement, leave the answer blank (zero). Cash Flows from Operating Activities Net income $ 600000 Depreciation expense 45000 Amortization expense 7500 Decrease in accounts receivable 15000 Decrease in prepaid expenses Increase in debt investments classified as available-for-sale securities 6000 Decrease in accounts payable -24000 Increase in accrued expenses 13500 Decrease in short-term nontrade notes payable 0 Net cash provided (used) by operating activities $ 663000 0 5690