The Income Statement of Frank Company Is Shown Below Additional Information:
1

The income statement of Frank Company is shown below: $\begin{array}{c}\text {FRANK COMPANY}\\\text { Income Statement}\\\text { For the Year Ended December 31, 2017}\\\\\begin{array}{lr}\text { Sales}&&\$8,400,000\\\text { Cost of goods sold}&&5,400,000\\\text { Gross profit}&&3,000,000\\\text { Operating expenses}\\\text { Selling expenses } & \$ 500,000 \\\text { Administrative expense } & 700,000 \\\text { Depreciation expense } & 90,000 \\\text { Amortization expense } & 30,000&1,320,000 \\\text { Net income }&&\$1,680,000\end{array}\end{array}$ Additional information:
1. Accounts receivable increased $400000 during the year.
2. Inventory increased $250000 during the year.
3. Prepaid expenses increased $200000 during the year.
4. Accounts payable to merchandise suppliers increased $100000 during the year.
5. Accrued expenses payable increased $160000 during the year.
Instructions
Prepare the operating activities section of the statement of cash flows for the year ended December 31 2017 for Frank Company using the direct method.