ll. Net Cash Flow from operating Activities Hyde Company's records for 2016 provide the following information: a. amortization of premium on bonds payable, $600 h. gain on sale of land, $8,000 b, purchase of equipment, $6,000 i. increase in prepaid assets, $500 c. depreciation expense, $7,400 j. declaration and payment of cash dividends, d. decrease in accounts receivable, $800 $1,800 e. decrease in accounts payable, $2,800 k. increase in wages payable, $300 f issuance of long-term note for cash, $4,200 I. patent amortization expense, $1,000 g. increase in inventories, $7,500 m. net income, $10,800 Required: Prepare the operating activities section of the 2016 statement of cash flows for Hyde Company using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. HYDE COMPANY Statement of Cash Flows (Partial) For Year Ended December 31 2016 Operating Activities: 10,800 Net income Adjustment for noncash income items: 7,400 Add: Depreciation expense Add: Patent amortization expense v 1,000 600 Less: Bond premium amortization 8,000 Less: Gain on sale of land Adjustments for cash flow effects from working capital items: 800 Decrease in accounts receivable e