Spectacular Industries began 2021 with its accounts receivable , inventory , and prepaid expenses totaling $ 62,000 and its total current liabilities totaling $ 31,000 At the end of the year , these same current assets totaled $ 60,000 , while its total current liabilities totaled $ 22,000 Net income for the year was $ 20,000 . Included in net income were a $ 9,000 loss on the sale of land and depreciation expense of $ 7,000.

Show how Spectacular should report cash flows from operating activities for 2021. The company uses the indirect method . ( Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash )

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