Bead World reports net income of $146,000. Included in net income is a gain on the sale of land of $10,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $16,000, an increase in inventory of $10,500, and a decrease in accounts payable of $36,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) BEAD WORLD Statement of Cash Flows (partial) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flows from operating activities: Gain on sale of land Increase in accounts receivable Increase in inventory Decrease in accounts payable Net cash flows from operating activities $ 146,000 (10,500) (16,000) (10,500) (36,000) $ 73,000