$30,000 Multiple Choice Question 63 Petunia Co. reported the following for 2020: Statement of Income Sales $800,000 Cost of sales 400,000 Gross profit 400,000 Cash operating expenses 100,000 Depreciation 40,000 Loss on sale of land 20,000 Net income $240,000 Additional Data Decrease in accounts payable Proceeds from the sale of land Increase in inventory Decrease in accounts receivable 40,000 40,000 5,000 Using the indirect method, the net cash flow from operating activities was $365,00p. $300,000 $235,000. $240,000