The income statement of Dillon Company is presented here.

DILLON COMPANY

Income Statement

For the Year Ended November 30, 2011

Sale ..............................................$7,678,800

Cost of goods sold

Beginning inventory .................$1,858,600

Purchases ..................................$4,400,500

Goods available for sale ..........$6,259,100

Ending inventory ......................$1,384,400

Total cost of goods sold ..........$4,874,700

Gross profit ..............................$2,804,100

Operating expenses

Selling expenses .........................$451,400

Administrative expenses ...........$770,690

....................................................$1,222,090

Net income ...............................$1,582,010

Additional information:

Accounts receivable increased $245,250 during the year, and inventory decreased $474,200.

Prepaid expenses increased $154,080 during the year.

Accounts payable to suppliers of merchandise decreased $341,560 during the year.

Accrued expenses payable decreased $103,500 during the year.

Operating expenses include depreciation expense of $91,290.

Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2011, for Dillon Company, using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)