Amazing Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $62.000 and its total current abilities totaling $37,000. At the end of the year, these same current assets totaled $60,000, while its total sument labies totaled $42.000. Net income for the year was $86.000 Included in net income were a $2,000 loss on the sale of land and depreciation expense of $7.000 Show how Amazing should report cash flows from operating activities for 2018. 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 Adjutants to reconcile net income to net cash provided by jud for) operating activities O O Net cash provided by (used for) operating activities lomework: Chapter 11 Graded Homework Question 5, S Amazing Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $62,000 an current liabilities totaled $42,000. Net income for the year was $86,000. Included in net income were a $2,000 - Show how Amazing should report cash flows from operating activities for 2018. The company uses the indirect Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities uestion 5, S11-4 (similar to) > HW Score: 24%, 6 of 25 points O Points: 0 of 2 Save aling $62,000 and its total current liabilities totaling $37,000. At the end of the year, these same current assets totaled $60,000, while its total were a $2,000 loss on the sale of land and depreciation expense of $7,000. uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.)