Selected information from Sunland Ltd's statement of financial position and statement of income is as follows: SUNLAND LTD. Statement of Financial Position (partial) December 31 2021 2020 Current assets Accounts receivable $7,000 $11,800 Inventory 6,400 4,200 Prepaid expenses 4,000 2,000 Current liabilities Accounts payable 3,500 2,200 Income tax payable 1,600 900 Property tax payable 3,000 1,450 Bank loan payable-current portion 5,800 8.400 SUNLANDLTD. Statement of Income Year Ended December 31, 2021 Sales $220,000 Cost of goods sold 117,000 Gross profit 103,000 Operating expenses 60,000 Income from operations 43,000 Interest expense 1,900 Income before income tax 41,100 Income tax expense 4,000 Net income $37,100 Additional information: 1. The bank loan was received in the past to finance the purchase of equipment. Operating expenses included depreciation expense of $11,600 and a loss of $5,000 on the disposal of equipment. 2. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.g. (15,000).) SUNLAND LTD. Statement of Cash Flows (Partial) Operating activities Adjustments to reconcile net income to