Rancho Foods International provides food and beverage services to institutional facilities like school and hospitals. At the end of 2020, the income statement and comparative balance sheet were prepared as shown below.

Additional Information: During 2020 , land was sold for a loss of $3,400. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable. Create the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Rancho Foods International Cash Flow Statement For the Year Ended July 31, 2020 Cash Flow from Operating Activities Net Income Adjustments for Non-Cash Items Depreciation Loss on Sale of Land Change in Current Assets and Current Liabilities Decrease in Accounts Receivable Increase in Food \& Beverage Inventory Decrease in Accounts Payable Net Cash Provided (Used) by Operating Activities Cash Flow from Investing Activities Sale of Land Net Cash Provided (Used) by Investing Activities Cash Flow from Financing Activities Proceeds from Notes Payable Payment of Cash Dividend Issue of Common Shares Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year