III Homework: Chapter 11 Graded Homework Question 5, 811-4 (similar to) HW Score: 71.53%, 17.88 of 25 points Points: 0 of 2 Save Spectacular Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $60,000 and its total current liabilities totaing $20,000. A the end of the year, these same current assets totaled $48,000, while its total current liabilities totaled $32,000. Net income for the year was $20,000. Included in net income were a $5.000 gain on the sale of land and depreciation expense of $7.000, Show how Spectacular should report cash flows from operating activities for 2018. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) SOVE Spectacular Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $60,000 and its total current liabilities totaling $20,000. At Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Clear all Check answer Help me solve this Demodocs example Get more help ? atv A 13 Points: 0 of 2 Spectacular Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $80,000 and its total current liabilities totaing 5 CD 3 provided by (used for) operating activities: Net cash provided by (used for) operating activities Clear all Check a Get more help Help me solve this Demodocs example A ? 13