Item 2: Entity B reported net income of $88,000 for the current year. Depreciation recorded on buildings and equipment amounted to $45,000 for the year. Balances of needed current asset and current liability accounts at the beginning and end of the year are as follows: End of Year 101,000 Beginning of Year Change 37,000 inc Accounts receivable 64,000 Inventory 32,000 44,000 Prepaid insurance 4,000 0 Accounts payable 20,600 14,000 Taxes payable 6,500 10,000 Also, a gain on the sale of land of $5,000 was reported. Instructions: Compute the changes in the accounts for each year and then prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. +1/2 each item (must have sign correct) can omit a total adjustments amount Net income Adjustments to reconcile net income to cash flow from operating activities 88,000