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View Policies Show Attempt History Current Attempt in Progress Your answeris partially correct. Sunland Company prepared the tabulation below at December 31, 2020. Net Income $340,800 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $43,800 Increase in accounts receivable $50,800 Decrease in inventory $13,800 Amortization of patent $4,800 Increase in accounts payable $6,400 Decrease in interest receivable $7,800 Increase in prepaid expenses $6,800 Decrease in income taxes payable $2,300 Gain on sale of land $5,800 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).) SUNLAND COMPANY Unit IV Knowledge Check Question 8 of 10 9.09/10 $= : Depreciation expense 43800 Increase in accounts receivable 50800 Decrease in inventory 13800 | Amortization of patent 4800 Increase in accounts payable L 6400 | Decrease in interest receivable 7800 Increase in prepaid expenses -6800 Decrease in income taxes payable 2300 Gain on sale of land \"5800 Net cash provided (used) by operating activities $ eTextbook and Media Assistance Used eTextbook Save for Later Attempts: 2 of 3 used