Net Income $275000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $25000 Decrease in accounts receivable $55000 Increase in inventory $12000 Decrease in accounts payable $6600 Increase in income taxes payable $1500 Loss on sale of land $5000 Net cash provided (used) by operating activities Instructions:
Show how each item should be reported in the statement of cash flows. Use parentheses for deductions Net income
Adjustments to reconcile net income to net cash provided by operating activities:
depreciation expense
decrease in accounts receivable
increase in inventory
decrease in accounts payable
increase in income tax payable
loss in sale of land
net cash provided(used) by operating activities ?