ABC Inc. reports a net income of $$165,000.$ Included in net income is a gain on the sale of land of $$20,000.$ A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $$35,000,$ an increase in inventory of $$20,000,$ and a decrease in accounts payable of $$55,000.$

Required: Prepare the operating activities section of the statement of cash flows using the indirect method. Then, answer the following questions: