Current Attempt in Progress Your answer is partially correct. Sage Hill Company prepared the tabulation below at December 31, 2022. Net Income $500,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $49.500 Increase in accounts receivable $57,500 Decrease in inventory $13,500 Increase in accounts payable $10,000 Increase in prepaid expenses $5,100 Decrease in income taxes payable $3,600 Gain on disposal of land $7,000 Net cash provided (used) by operating activities Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) SAGE HILL COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 SAGE HILL COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Net Income/(Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 500000 49500 57500 Increase in Accounts Receivable Decrease in Inventory 13500 Increase in Accounts Payable 10000 Increase in Prepaid Expenses 5100 Decrease in Income Taxes Payable 3600 Gain on Disposal of Land 70000 Net Cash Provided by Operating Activities. O 436800 eTextbook and Media