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 $$296,000$

Increase in food and beverage inventory $$27,400$

Increase in accounts payable $$14,000$

Depreciation expense $$47,000$

Decrease in accounts receivable $$19,000$

Loss on sale of land $$23,400$

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

Adjustments for Non$-$Cash Items

Depreciation expense Answer

Loss on sale of land Answer

Change in Current Assets and Current Liabilities

Decrease in accounts receivable Answer

Increase in food and beverage inventory Answer

Increase in accounts payable Answer

Net Cash Provided $($Used$)$ by Operating Activities Answer