current liabilities totaled $$32,000.$ Net income for the year was $$20,000.$ Included in net income were a $$2,000$ gain on the sale of land and depreciation expense of $$7,000.$

Cash flows from operating activities:

Net income

Adjustments to reconcile net income to net cash

provided by $($used for$)$ operating activities:

$\backslash$table$[[$Depreciation$,7000],[$Gain on sale of land,$2000],[$Decrease in accounts receivable, inventory, and prepaid expenses,$5000],[$Increase in current liabilities,$12000],[$Net cash provided by $($used for$)$ operating activities,$26000]]$