1. Jewelry Suppliers reports net income of $145,000. Included in net income is a gain on the sale of land of $10,000. A comparison of this years and last years balance sheets reveals an increase in accounts receivable of $15,000, an increase in inventory of $10,000, and a decrease in accounts payable of $35,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)