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-sign e.g.-15,000 or in parenthesis e.g. (15,000).) SUNLAND LTD. Statement of Cash Flows (Partial) Year Ended December 31, 2021 Operating activities Net income Adjustments to reconcile net income to Net cash provided by operating activities $ Depreciation expense > Loss on disposal of equipment Decrease in accounts receivable