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K The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the
K The records of Muted Color Engraving reveal the following: (Click the icon to view the records.) Compute cash flows from operating activities by the indirect method for year ended December 31, 2024. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Net income $ 38,000 Depreciation expense $ 6,000 Sales revenue 50,000 Decrease in current liabilities 31,000 Use Loss on sale of land 7,000 Increase in current assets other than cash 15,000 es. If Acquisition of land 40,000 Muted Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2024
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