Dutton Company prepared the tabulation below at December 31, 2008. Net Income $275,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense, $25,000 Decrease in accounts receivable, $55,000 Increase in inventory, $12,000 Decrease in accounts payable, $6,600 Increase in income taxes payable, $1,500 Loss on sale of land, $5,000 Net cash provided (used) by operating activities Instructions: Show how each item should be reported in the statement of cash flows. Use parentheses for deductions Net income Adjustments to reconcile net income to net cash provided by operating activities: depreciation expense decrease in accounts receivable increase in inventory decrease in accounts payable increase in income tax payable loss in sale of land net cash provided(used) by operating activities