Exercise 11-6 (Algo) Calculate operating activities-indirect method (LO11-3) Jewelry Suppliers reports net income of $148,000. Included in net income is a gain on the sale of land of $11,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $18,000, an ncrease in inventory of $11,500, and a decrease in accounts payable of $38,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)