Reconciling Net Income and Cash From Operations. The following items are from the accounts of a local firm.

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Select from the preceding list those items that would be relevant to a reconciliation of net income and cash from operations, and prepare such a reconciliation.

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Gain on sale of long-term investment Increase in accounts receivable.. Increase in land.... Increase in accrued expenses payable. $133,500 14,300 48,000 6,800 Decrease in inventory.... Decrease in accounts payable.. 21,700 12,000 Decrease in prepaid insurance 1,500 Increase in common stock 85,000 Net income 124,800 Depreciation of building for year 48,000 Decrease in cash 14,000 Cash received from sale of long-term investment 228,800 Cash from operations. 43,000