View PCS Current Attempt in Progress Ivanhoe Ltd. is a private company reporting under ASPE.Its income statement and changes in current assets and current liabilities for the year are reported below: IVANHOE LTD. Income Statement Year Ended November 30, 2021 $303,360 Sales 156.800 Cost of goods sold CGSS prove 146,560 Operating expenses $99,200 Depreciation expense 16,000 Gain on sale of equipment (3.200) 112,000 Profit before income tax 34.560 Income tax expense 9,600 Profit $24.960 Changes in current assets and current liabilities were as follows: Accounts receivable $11.520 decrease Accounts receivable $11,520 decrease Inventory 6,080 increase Prepaid expenses 640 increase Accounts payable 3.840 decrease Dividends payable 1,600 decrease Income taxes payable 1,280 decrease Prepare the operating activities section of the cash flow statemer Apps She Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with thera-sen- (15,000 IVANHOE LTD. Cash Flow Statement (Partial)