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The records of True Color Engraving reveal the following: LOADING... (Click the icon to view the records.) Compute cash flows from operating activities by the

The records of True Color Engraving reveal the following: LOADING... (Click the icon to view the records.)

Compute cash flows from operating activities by the indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.image text in transcribed)image text in transcribed

True Color Engraving Statement of Cash Flows (Partial) Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income 30000 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 12000 Loss on Sale of Land 8000 Increase in Current Assets Other than Cash (15000) (31000) Decrease in Current Liabilities Net Cash Provided by (Used for) Operating Activities - X Data Table Net income $ 30,000 Depreciation expense $ 12,000 Sales revenue 54,000 Decrease in current liabilities 31,000 Loss on sale of land 8,000 Increase in current assets other than cash 15,000 Acquisition of land 38,000 Print Done

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