Mallory Michaels, senior accountant for Carla Vista Fashions, has gathered the following balances from the company's general ledger: December 31, 2020 December 31, 2019 Accounts Receivable $55,000 $65,000 Inventories 120,000 116,406 Prepaid Expenses 4,500 3,900 Accounts Payable 50.378) 51,000 Accrued Liabilities 13,000 14,000 Income Taxes Payable 2,700 2,500 Net Income 710,000 Depreciation Expense 62,000 Gain on the sale of land 13.500 Using the indirect method, prepare the cash flows provided by operating activities section of the statement of cash flows for 2020, (Show amounts that decrease cash flow with either a sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Cash flows from operating activities Net cash by operating activities A Increase in income tax payable Increase in accounts payable Gain on sale of land Decrease in inventories Increase in accrued liabilities Increase in accounts receivable Increase in inventories Net income/(loss) Adjustments to net income Decrease in accrued liabilities Increase in prepaid expenses Decrease in prepaid expenses Depreciation Decrease in accounts receivable Decrease in accounts payable Decrease in incom tax payable $ Net cash by operating activities +A