Hiller Co. anticipates total fixed costs of $120,000 and variable costs equal to 40% of sales. What is the pretax income if sales are $650,000? Use the following information and the indirect method to calculate the net cash from or used in operating activities: Profit before taxes Depreciation expense. Payment on mortgage payable. Gain on sale of land.. Increase in merchandise inventory Increase in accounts payable. Proceeds from sale of land Income tax paid $14,000 12,000 15.000 7,500 2.050 6.150 8.000 1.700 Your