apter 12 - Homework Saved Help Save & Exits Check my Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or in Notes Operating Activities Investing Activities Financing Activities Book a. Declared and paid a cash dividend b. Recorded depreciation expense c. Paid cash to settle long-term note payable d. Prepaid expenses increased in the year e. Accounts receivable decreased in the year 1. Purchased land by issuing common stock 9. Inventory increased in the year h. Sold equipment for cash, yielding a loss 1. Accounts payable decreased in the year Income taxes payable increased in the year X In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Cash dividends paid Depreciation expense $53,000 19,000 26,000 6,000 14,200 21,000 Net cash provided by operating activities was: Multiple Choice O $123,000 O $23,000