Hardware Distributors reports net income of $100,000. Included in that number is depreciation expense of $20,000 and a loss on the sale of land of $10,000. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $30,000, a decrease in inventory of $20,000, and an increase in accounts payable of $50,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. Do you see a pattern in Hardware Distributors' adjustments to net income to arrive at operating cash flows? What might this imply? Calculate operating activities-indirect method