Amazing Industries began $2021$ with its accounts receivable, inventory, and prepaid expenses totaling $$53,000$ and its total current liabilities totaling $$38,000.$ At the end of the year, these same

current assets totaled $$48,000,$ while its total current liabilities totaled $$30,000.$ Net income for the year was $$21,000.$ Included in net income were a $$1,000$ loss on the sale of land and depreciation

expense of $$11,000.$

Show how Amazing should report cash flows from operating activities for $2021.$ The company uses the indirect method. $($Use parentheses or a minus sign for numbers to be subtracted and for a net

decrease in cash.$)$

Cash flows from operating activities:

Depreciation

Adjustments to reconcile net income to net cash

provided by $($used for$)$ operating activities:

Net cash provided by $($used for$)$ operating activities