Question 21 Towson Company prepared the tabulation below at December 31, 2017. $340,000 Net Income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Increase in accounts receivable Decrease in inventory Amortization of patent Increase in accounts payable $43,000 $50,000 $13,000 $4,000 $5,600 $7,000 $6,000 $1,500 $5,000 Decrease in interest receivable Increase in prepaid expenses Decrease in income taxes payable Gain on sale of land Net cash provided (used by operating activities Show how each item should be reported in the statement of cash flows. (Show a TOWSON COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to $