Incredible Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $46,000 and its total current liabilities totaling $35,000. At the end of the year, these same current assets totaled $62,000, while its total current liabilities totaled $31,000. Net income for the year was $88,000. Included in net income were a $4,000 loss on the sale of land and depreciation expense of $11,000. Show how Incredible 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.) Cash flows from operating activities: Net income $ 88,000 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation $ 11,000 Loss on sale of land 4,000 7000 15000 Increase in accounts receivable, inventory, and prepaid expenses Decrease in current liabilities Net cash provided by (used for) operating activities 30000 118000