Question 56 The comparative statement of financial position for Crane Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $62,000 $48,000 Inventory 29,000 65,000 Accounts payable 32,500 43,000 Dividends payable 1,000 2,300 Crane's income statement reported the following selected information for the year ended March 31, 2018: net income was $270,000, depreciation expense was $67,000 and a loss on the disposal of land was $18,000. Crane uses a perpetual inventory system. calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesis e.g. (15,000).) CRANE CORPORATION Statement of Cash Flows (Partial)-Indirect Method Operating activities Adjustments to reconcilie net income to he's home statement reported the following selected information for the year ended March 31, 2018: net income was $270,000, depreciation expense was $67,00 a loss on the disposal of land was $18,000. Crane uses a perpetual Inventory system. Calculate net cash provided (used) by operating activities using the Indirect hod. (Show amounts that decrease cash flow with either a sign .g.-15,000 or in parenthesise.g. (15,000).) CRANE CORPORATION Statement of Cash Flows (Partial)-Indirect Method perating activities djustments to reconcile net income to