3S12-5. (Learning Objective 3: Report cash flows from operating activities-indirect method Smythe Transportation began 2016 with accounts receivable, inventory, and prepaid expenses totaling $60,000. At the end of the year, Smythe had a total of $62,000 for these current assets At the beginning of 2016, Smythe owed current liabilities of $35,000, and at year-end current liabilities totaled $31,000. Net income for the year was $21,000. Included in net income were a $3,000 gain on the sale of land and depreciation expense of $5,000. Show how Smythe should report cash flows from operating activities for 2016. Smythe uses the indirect method