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Hardware Suppliers reports net income of $156,000. Included in net income is a gain on the sale of land of $15,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $26,000, an Increase in inventory of $15,500, and a decrease in accounts payable of $46,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) HARDWARE SUPPLIERS Statement of Cash Flows (partial) Cash flows from operating activities: Ad ustments to reconcile net income to net cash flows from operating activities: TELLURELLURELLE ELLER ELLER LLULLLLLLLLL LLLLLLLL Net cash flows from operating activities Hardware Suppliers reports net income of $156,000. Included in net income is a gain on the sale of land of $15,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $26,000, an Increase in inventory of $15,500, and a decrease in accounts payable of $46,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) HARDWARE SUPPLIERS Statement of Cash Flows (partial) Cash flows from operating activities: momento to raranella not income to not Increase in accounts receivable Increase in inventory Loss on sale of land Net income Net loss Net cash flows from operating activities Hardware Suppliers reports net income of $156,000. Included in net income is a gain on the sale of land of $15,500. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $26,000, an Increase in inventory of $15,500, and a decrease in accounts payable of $46,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) HARDWARE SUPPLIERS Statement of Cash Flows (partial) Cash flows from operating activities: nomento terarnnrile not innamoto nat Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Gain on sale of land Increase in accounts payable Net cash flows from operating activities