Below is an income statement for Golden Valley Products for the year ended December 31, 2020, and a schedule listing the company's current assets and current liabilities at the end of 2019 and 2020: Golden Valley Products Income Statement For the Year Ended December 31, 2020 Sales $118,600 Cost of goods sold 49,812 Gross profit 68,788 Operating expenses: Selling & general expenses $11,600 Depreciation expense 2.520 14,120 Operating income 54,668 Loss on sale of land 3,708 Income before income tax 50,960 Income tax expense 10.192 Net Income $40,768 December 31, 2020 December 31 2019 $14,600 $12.200 Schedule of Current Assets and Current Liabilities Cash Accounts receivable Inventory Prepaid expenses 4,510 3,490 6,010 5,510 2.130 2,600 Accounts payable 2,420 1.770 Accrued liabilities 1.960 2,600 Prepare the operating activities section of the statement of cash flows using the indirect method. (Enter amounts that decrease cash flow either with a negative sign preceding the number, eg -15,000 or parenthesis eg. (15,000).) Golden Valley Products Partial Statement of Cash flows - Indirect method For the Year Ended December 31, 2020 Operating activities Net Income Adjustment of net income to cash basis Depreciation expense Loss on sale of land Increase in accounts receivable Increase in inventory LIIIIIII Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Net cash provided by operating activities