Brief Exercise 13-5 The comparative statement of financial position for Sunland Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $68,000 $41,500 Inventory 76,000 65,000 Accounts payable 30,500 40,000 Dividends payable 1,200 2,500 Sunland's income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $68,000, and a loss on the disposal of land was $16,000. Sunland uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial)-Indirect Method Operating activities Adjustments to reconcile net income to LINK TO TEXT