Verna Company's records provided the following information for 2019 decrease in accounts payable, $4,900 loss on sale of land, $1,900 increase in inventory, $7,100 increase in income taxes payable, $2,000 net income, $66,100 patent amortization expense, $1,000 ordinary loss, $6,500 decrease in deferred taxes payable, $2,400 amortization of discount on bonds payable, $1,900 payment of cash dividends, $28,000 depletion expense, $4,700 decrease in salaries payable, $1,800 decrease in accounts receivable, $3,800 gain on sale of equipment, $6,200 proceeds from issuance of stock, $60,000 ordinary gain, $3,200 depreciation expense, $13,000 amortization of discount on investment in bonds, $1,100 Prepare the operating activities section of Verna's 2019 statement of cash flows using the indirect method Use a minus sign to indicate cash outflows or decreases in cash Operating Activities Accounts receivableCashNet incomeNet lossRetained earnings $ Select Adjustment for noncash income items Add Depreciation expenseAdd Gain on sale of equipmentAdd Ordinary gainLess Depreciation expenseLess Loss on sale of land Select Add Gain on sale of equipmentAdd Ordinary gainAdd Patent amortization expenseLess Depreciation expenseLess Patent amortization expense Select Add Depletion expenseAdd Gain on sale of equipmentAdd Ordinary gainLess Depletion expenseLess Loss on sale of land Select Add Amortization of discount on bonds payableAdd Gain on sale of equipmentAdd Ordinary gainLess Amortization of discount on bonds payableLess Loss on sale of land Select Add Gain on sale of equipmentAdd Loss on sale of landLess Amortization of discount on bonds payableLess Depreciation expenseLess Loss on sale of land Select Add Gain on sale of equipmentAdd Ordinary lossLess Amortization of discount on bonds payableLess Depreciation expenseLess Loss on sale of land Select Add Amortization of discount on investment in bondsAdd Gain on sale of equipmentAdd Ordinary gainLess Amortization of discount on investment in bondsLess Amortization of premium on investment in bonds Select Add Decrease in inventoryAdd Gain on sale of equipmentAdd Ordinary gainLess Amortization of premium on investment in bondsLess Gain on sale of equipment Select Add Decrease in inventoryAdd Gain on sale of equipmentAdd Ordinary gainLess Amortization of premium on investment in bondsLess Ordinary gain Select Add Gain on sale of equipmentAdd Ordinary gainLess Amortization of premium on bonds payableLess Decrease in deferred taxes payableLess Loss on sale of land Select Adjustments for cash flow effects from working capital items Decrease in accounts receivableDecrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in salaries payable Select Decrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in accounts receivableIncrease in inventory Select Decrease in accounts payableDecrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in salaries payable Select Decrease in income taxes payableDecrease in inventoryDecrease in salaries payableIncrease in accounts payableIncrease in accounts receivable Select Decrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in accounts receivableIncrease in income taxes payable Select Net cash provided by financing activitiesNet cash provided by operating activitiesNet cash used by financing activitiesNet cash used by operating activitiesNet cash used for investing activities $ Select

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Verna Company's records provided the following information for 2019: decrease in accounts payable, $4,900 loss on sale of land, $1,900 increase in inventory, $7,100 increase

Verna Company's records provided the following information for 2019:

decrease in accounts payable, $4,900
loss on sale of land, $1,900
increase in inventory, $7,100
increase in income taxes payable, $2,000
net income, $66,100
patent amortization expense, $1,000
ordinary loss, $6,500
decrease in deferred taxes payable, $2,400
amortization of discount on bonds payable, $1,900
payment of cash dividends, $28,000
depletion expense, $4,700
decrease in salaries payable, $1,800
decrease in accounts receivable, $3,800
gain on sale of equipment, $6,200
proceeds from issuance of stock, $60,000
ordinary gain, $3,200
depreciation expense, $13,000
amortization of discount on investment in bonds, $1,100

Prepare the operating activities section of Verna's 2019 statement of cash flows using the indirect method. Use a minus sign to indicate cash outflows or decreases in cash.

Operating Activities:
Accounts receivableCashNet incomeNet lossRetained earnings	$- Select -
Adjustment for noncash income items:
Add: Depreciation expenseAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Depreciation expenseLess: Loss on sale of land	- Select -
Add: Gain on sale of equipmentAdd: Ordinary gainAdd: Patent amortization expenseLess: Depreciation expenseLess: Patent amortization expense	- Select -
Add: Depletion expenseAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Depletion expenseLess: Loss on sale of land	- Select -
Add: Amortization of discount on bonds payableAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Amortization of discount on bonds payableLess: Loss on sale of land	- Select -
Add: Gain on sale of equipmentAdd: Loss on sale of landLess: Amortization of discount on bonds payableLess: Depreciation expenseLess: Loss on sale of land	- Select -
Add: Gain on sale of equipmentAdd: Ordinary lossLess: Amortization of discount on bonds payableLess: Depreciation expenseLess: Loss on sale of land	- Select -
Add: Amortization of discount on investment in bondsAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Amortization of discount on investment in bondsLess: Amortization of premium on investment in bonds	- Select -
Add: Decrease in inventoryAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Amortization of premium on investment in bondsLess: Gain on sale of equipment	- Select -
Add: Decrease in inventoryAdd: Gain on sale of equipmentAdd: Ordinary gainLess: Amortization of premium on investment in bondsLess: Ordinary gain	- Select -
Add: Gain on sale of equipmentAdd: Ordinary gainLess: Amortization of premium on bonds payableLess: Decrease in deferred taxes payableLess: Loss on sale of land	- Select -
Adjustments for cash flow effects from working capital items:
Decrease in accounts receivableDecrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in salaries payable	- Select -
Decrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in accounts receivableIncrease in inventory	- Select -
Decrease in accounts payableDecrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in salaries payable	- Select -
Decrease in income taxes payableDecrease in inventoryDecrease in salaries payableIncrease in accounts payableIncrease in accounts receivable	- Select -
Decrease in income taxes payableDecrease in inventoryIncrease in accounts payableIncrease in accounts receivableIncrease in income taxes payable	- Select -
Net cash provided by financing activitiesNet cash provided by operating activitiesNet cash used by financing activitiesNet cash used by operating activitiesNet cash used for investing activities		$- Select -