EX12#9: OPERATING ACTIVITIES SECTION: PREPARE THE OPERATING ACTIVITIES SECTION OF THE STATEMENT OF CASH FLOWS - INDIRECT METHOD: Wilson Company prepared the tabulation below at December 31, 2017. Instructions: Show how each item should be reported in the statement of cash flows. (Use parentheses for deductions.) Net Income $310,000 Adjustments to reconcile net income to net cash provided by operating activities included the following transactions. Depreciation expense, $45,000 Increase in accounts receivable, $55,000 Decrease in inventory, $12,000 Increase in accounts payable, $6,000 Increase in prepaid expenses, $4,000 Decrease in income taxes payable, $3,500 Gain on sale of land, $7,500 12.Net cash provided (used) by operating activities 10