Mallory Michaels, senior accountant for Sandhill Fashions, has gathered the following balances from the companys general ledger:

		December 31, 2020			December 31, 2019
Accounts Receivable		$56,000			$65,000
Inventories		116,000			102,900
Prepaid Expenses		4,500			3,900
Accounts Payable		50,378			51,000
Accrued Liabilities		10,000			14,000
Income Taxes Payable		2,700			2,500
Net Income		710,000
Depreciation Expense		68,000
Gain on the sale of land		15,000

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
select an item Increase in accrued liabilitiesIncrease in prepaid expensesIncrease in accounts payableIncrease in inventoriesDecrease in inventoriesDepreciationDecrease in incom tax payableIncrease in accounts receivableDecrease in prepaid expensesDecrease in accounts payableNet income / (loss)Decrease in accounts receivableIncrease in income tax payableDecrease in accrued liabilitiesAdjustments to net incomeGain on sale of land				$enter a dollar amount
select an opening subsection name Increase in accounts payableDecrease in accounts receivableIncrease in inventoriesGain on sale of landIncrease in income tax payableDecrease in accounts payableIncrease in prepaid expensesDecrease in prepaid expensesAdjustments to net incomeDepreciationIncrease in accounts receivableDecrease in accrued liabilitiesNet income / (loss)Increase in accrued liabilitiesDecrease in inventoriesDecrease in incom tax payable
select an item Increase in prepaid expensesDecrease in income tax payableIncrease in accounts receivableIncrease in accrued liabilitiesDecrease in prepaid expensesDecrease in inventoriesDecrease in accounts payableIncrease in inventoriesDepreciationIncrease in income tax payableAdjustments to net incomeGain on sale of landDecrease in accounts receivableDecrease in accrued liabilitiesNet income / (loss)Increase in accounts payable		$enter a dollar amount
select an item Decrease in accrued liabilitiesIncrease in prepaid expensesIncrease in accounts receivableGain on sale of landDecrease in income tax payableIncrease in accounts payableDecrease in inventoriesDecrease in accounts payableDepreciationDecrease in accounts receivableIncrease in income tax payableAdjustments to net incomeIncrease in accrued liabilitiesDecrease in prepaid expensesIncrease in inventoriesNet income / (loss)		enter a dollar amount
select an item Decrease in inventoriesDecrease in accounts receivableDepreciationAdjustments to net incomeIncrease in income tax payableNet income / (loss)Decrease in income tax payableIncrease in accounts receivableIncrease in accrued liabilitiesDecrease in accounts payableIncrease in prepaid expensesIncrease in accounts payableDecrease in prepaid expensesDecrease in accrued liabilitiesGain on sale of landIncrease in inventories		enter a dollar amount
select an item Decrease in accounts payableGain on sale of landIncrease in accrued liabilitiesIncrease in inventoriesDecrease in accrued liabilitiesDecrease in accounts receivableIncrease in income tax payableDecrease in inventoriesDepreciationIncrease in accounts payableAdjustments to net incomeDecrease in income tax payableNet income / (loss)Increase in accounts receivableDecrease in prepaid expensesIncrease in prepaid expenses		enter a dollar amount
select an item Decrease in accrued liabilitiesAdjustments to net incomeIncrease in prepaid expensesIncrease in accounts payableDecrease in accounts receivableDecrease in inventoriesIncrease in accrued liabilitiesIncrease in accounts receivableGain on sale of landDecrease in prepaid expensesIncrease in income tax payableIncrease in inventoriesDecrease in income tax payableDecrease in accounts payableNet income / (loss)Depreciation		enter a dollar amount
select an item Decrease in inventoriesIncrease in accrued liabilitiesNet income / (loss)Decrease in prepaid expensesDepreciationAdjustments to net incomeIncrease in accounts receivableDecrease in accounts receivableDecrease in accrued liabilitiesGain on sale of landIncrease in prepaid expensesIncrease in accounts payableDecrease in income tax payableIncrease in inventoriesDecrease in accounts payableIncrease in income tax payable		enter a dollar amount
select an item Increase in accrued liabilitiesIncrease in prepaid expensesDecrease in accounts receivableDecrease in income tax payableDecrease in accrued liabilitiesGain on sale of landIncrease in inventoriesDecrease in inventoriesIncrease in accounts payableIncrease in income tax payableDecrease in prepaid expensesIncrease in accounts receivableDepreciationAdjustments to net incomeNet income / (loss)Decrease in accounts payable		enter a dollar amount
select an item Increase in accounts receivableIncrease in accrued liabilitiesIncrease in accounts payableIncrease in prepaid expensesDecrease in accrued liabilitiesIncrease in income tax payableDecrease in prepaid expensesGain on sale of landAdjustments to net incomeDecrease in inventoriesDecrease in income tax payableDecrease in accounts payableNet income / (loss)Increase in inventoriesDecrease in accounts receivableDepreciation		enter a dollar amount
				enter a total amount of the adjustments
Net cash select an option usedprovided by operating activities				$enter a total amount for this section