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Use the following information to prepare the operating activities section of a statement of cash flows for Jon's Catering Company for 2020 using the indirect method.

Net Income $262,000

Decrease in food and beverage inventory $26,200

Decrease in accounts payable $14,000

Depreciation expense $44,000

Increase in accounts receivable $13,000

Gain on sale of land $22,300

Do not enter dollar signs or commas in the input boxes.

Use the negative sign for a decrease in cash.

Jon's Catering Company

Cash Flow Statement

For the Year Ended December 31, 2020

Cash Flow from Operating Activities

Net Income Answer

262000

Adjustments for Non-Cash Items

Depreciation expense Answer

44000

Gain on sale of land Answer

22300

Change in Current Assets and Current Liabilities

Increase in accounts receivable Answer

13000

Decrease in food and beverage inventory Answer

26200

Decrease in accounts payable Answer

14000

Net Cash Provided (Used) by Operating Activities Answer