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Question Help Speedy Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $5,000 and its total current es totaling $20.000. At the end

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Question Help Speedy Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $5,000 and its total current es totaling $20.000. At the end of the year, these same current stated $55.000, while its total current liabilities totaled $32,000. Net income for the year was $80.000. Included in net income were a $6.000 loss on the sale of land and depreciation expense of $5,000 Show how Speedy should report cash fows from operating activities for 2018. The company uses the Indirect method. (Use theses or assign for numbers to be subtracted and for a net decrease in cash) 81000 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by used for operating activities Depreciation Loss on sale of land Decrease in counts receivable, inventory and prepaid expenses Increase in currenties Net cash provided by used for operating activities 5000 sood

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