Please complete the following:

Net Income....................................................................................... $255,000

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense, $25,000.................................................. ______

Decrease in accounts receivable, $50,000.................................. ______

Increase in inventory, $12,000.................................................. ______

Decrease in accounts payable, $8,600....................................... ______

Increase in income taxes payable, $1,500.................................. ______

Loss on sale of land, $5,000...................................................... ______

Net cash provided (used) by operating activities........................ ______