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  1. business
  2. accounting
  3. liabilities totalled $43,000. net income for the y

liabilities totalled $43,000. Net income for the year was $86,000. Included in net income were...

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Accounting

liabilities totalled $43,000. Net income for the year was $86,000. Included in net income were a $1,000 gain on the sale of land and depreciation expense of $6,000.
Show how RT should report cash flows from operating activities for 2020. RT uses the indirect method.
(Use parentheses or a minus sign for numbers to be subtracted or a net decrease in cash.)
\table[[Cash flows from operating activities:],[Net income],[Adjustments to reconcile net income to net cash],[provided by operating activities:],[Depreciation],[Gain on sale of land],[Increase in accounts receivable, inventory, and prepaid expenses],[Decrease in current liabilities],[Net cash provided by operating activities]]
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