Analysts following the Sunland Golf Company were given the following balance sheet information for the years ended June 30,2020 , and June 30, 2019: In addition, it was reported that the company had a net income of $3,156,038 and that depreciation expenses were equal to $212,461 during 2020. Assume amortization expense was $0 in 2020. Sunland Golf Company Statement of Cash Flows Year ended June 30, 2020 Cash Flows from Operating Activities Net Income Additions (sources of cash) $3156038 Depreciation \begin{tabular}{|} \hline212461 \\ \hline \end{tabular} Increase in Accounts Payable___ v _ _ _ \begin{tabular}{|l|} \hline \\ \hline \end{tabular} Increase in Other Current Assets \begin{tabular}{|l|} \hline 11434 \\ \hline \end{tabular} Increase in Accrued Income Taxes Subtractions (uses of cash) Decrease in Accounts Receivable \begin{tabular}{|} \hline58658 \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline \end{tabular} Net Cash provided by Operating Activities Subtractions (uses of cash) Decrease in Accounts Receivable \begin{tabular}{|} \hline58658 \\ \hline \end{tabular} Increase in Inventories Net Cash provided by Operating Activities Cash Flows from Investing Activities Increase in Plant and Equipment Increase in Goodwill and Other Assets Net Cash used in Investing Activities Cash Flows from Financing Activities Increase in Long-term Debt Purchase of Treasury Stock Increase in Notes Payable Increase in Long-term Debt Purchase of Treasury Stock Increase in Notes Payable Net Cash provided by Financing Activities $ $ 3 Net Increase in Cash and Marketable Securities Cash and Marketable Securities at Beginning of Year Cash and Marketable Securities at End of Year