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Beautiful Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $48.000 and total current liabilities totaling $35,000. At the end of the year,

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Beautiful Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $48.000 and total current liabilities totaling $35,000. At the end of the year, these same current assets totaled $49.000, while its total current abilities totaled $31.000. Net Income for the year was $82,000. Included in net income were a $4,000 loss on the sale of land and depreciation expense of $10,000 Show how Beautiful 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: 2.000 Adjustments to content income to net cash provided by used for operating activities Collections from customers Depreciation LOSS on sale of land Increase in accounts receivable, invertory, and prepaid expenses Decrease in current liabilities Choot Net income Payments to suppliers the next

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