Mallory Michaels, senior accountant for Trendy Fashions, has gathered the following balances from the company's general ledger: December 31, 2020 December 31, 2019 Accounts Receivable $60,000 $65,000 Inventories 120,000 117,406 Prepaid Expenses 4,500 3,900 Accounts Payable 50,378 51.000 Accrued Liabilities 12,000 14,000 Income Taxes Payable 2,700 2,500 Net Income 710,000 Depreciation Expense 65,000 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 ether a-sign, es -15,000 or in parentheses, es. (15,000 Cash flows from operating activities Net income to Adjustments to net income Depreciation Gain on sale of land Decrease in accounts receivable 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 elther a-sign, eg.-15,000 or in parentheses, eg. (15,000)) Cash flows from operating activities Net income/loss) Adjustments to net income Depreciation Gain on sale of land Decrease in accounts receivable Increase in inventories Increase in prepaid expenses Decrease in accounts payable Increase in accrued liabilities Decrease in income tax payable Net cash provided by operating activities