University Books Question 1 - ESTADO DE FLUJOS DE EFECTIVO Seved Help A company reports net income of $153,000. Included in net income is a gain on the sale of land of $14,000. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $23,000, an increase in inventory of $14,000, and a decrease in accounts payable of $43,000. Required: Prepare the operating activities section of the statement of cash flows using the Indirect method. (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities FLUJOS DE EFECTIVO Saved Help A company reports net income of $58,000. Included in that number is depreciation expense of $11,500 and a loss on the sale of land of $5,300. A comparison of this year's and last year's balance sheets reveals a decrease in accounts receivable of $28,000, a decrease in inventory of $16.500, and an increase in accounts payable of $48,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities