Majestic Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $64,000. At the end of the year, Majestic had a total of $79,000 for these current assets. At the beginning of the year, it owed current liabilities of $43,000, and at year-end, current liabilities totaled $42,000. Net income for the year was $85,000. Included in net income was a $3,000 gain on the sale of land and depreciation expense of $10,000. Show how Majestic should report cash flows from operating activities for the year. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Centify each of Knox Industries' transactions listed below as operating (O), imvesting (W), francing (F), noncash investing and financing (NiF), or a transaction that is not feportad on the statement of cash flows (NA) Also indicate whather the transaction increases (*) or decreases () cash. The indrect method is used for operating activities