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S11-4 (similar to) Harrison Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $47,000 and its total current liabilities liabilities totaled $38,000. Net
S11-4 (similar to) Harrison Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $47,000 and its total current liabilities liabilities totaled $38,000. Net income for the year was $84,000. Included in net income were a $2,000 gain on the sale of land and depr Show how Harrison should report cash flows from operating activities for 2018. The company uses the indirect method. (Use parenthese Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities repaid expenses totaling $47,000 and its total current liabilities totaling $34,000. At the end of the year, these same current assets totaled $45,000, while its total cu in net income were a $2,000 gain on the sale of land and depreciation expense of $7,000 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.)
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