Exercise 13-5 Mallory Michaels, senior accountant for Trendy Fashions, has gathered the following balances from the company's general ledger: Accounts Receivable Inventories Prepaid Expenses Accounts Payable Accrued Liabilities Income Taxes Payable Net Income Depreciation Expense Loss on the sale of land December 31, 2016 $50,387 142, 230 4,500 40,378 14,590 1,400 704,621 83,698 15,000 December 31, 2015 $63,531 117,406 3,900 50,298 12,075 2.500 Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for 2016. (Show amounts that decrease cash flow with either a-sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from operating activities Net cash by operating activities Click If you would like to Show Work for this questions Open Show Work LINK TO TEXT LINK TO VIDEO VIDEO: SIMILAR EXERCISE