Beautiful Industries began 2021 with its accounts receivable, inventory, and prepaid expenses totaling $60,000 and its total current liabilities totaling $39,000.

Beautiful Industries began 2021 with its accounts receivable, inventory, and prepaid expenses totaling $60,000 and its total current liabilities totaling $39,000. At the end of the year, these same current assets totaled $48,000, while its total current liabilities totaled $50,000. Net income for the year was $88,000. Included in net income were a $2,000 gain on the sale of land and depreciation expense of $8,000 Show how Beautiful 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.) Mus Cash flows from operating activities: n & les Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Part ffor bry es