Identifying Noncash Flow Items and Nonoperating Activity Items Using the following income statement accounts, identify the items that are noncash items and/or should not be included in the operating activities section of the statement of cash flows. (These items will be added to or subtracted from net income to compute cash flow from operating activities.)

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Sales revenues Gain on sale of land Cost of goods sold General and administrative expenses Depreciation expense Interest expense Tax expense $23,236 540 (15,304) (2,634) (1,785) (429) (1,450)