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Scenic Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $62,000 and its total current liabilities totaling $31,000. At the end of the year, these same current assets totaled $60,000, while its total current liabilities totaled $22,000. Net income for the year was $89,000. Included in net income were a $2,000 loss on the sale of land and depreciation expense of $7,000. Show how Scenic should report cash flows from operating activities for 2018. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Net income 89,000 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation Loss on sale of land 7,000 2,000 Decrease in accounts receivable, inventory, and prepaid expenses (2.000) Decrease in current liabilities 9,000 Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check