The accounting records of Sliding, Inc., reveal: (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using the indirect method. 2. Evaluate the operating cash flow of Sliding, Inc. Give the reason(s) for your evaluation. Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities $ Net income Depreciation expense ..... Sales revenue .. Decrease in current liabilities ...... Loss on sale of land Increase in current assets other than Cash .... 30,000 7,000 23,000 28,000 9,000 12,000 35,000 Acquisition of land ...................... Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Acquisition of land Decrease in current liabilities Depreciation expense Increase in current assets other than cash Ch Loss on sale of land Proceeds from sale of land 1 Sales revenue elds and then click Check Answer. CAN