Use the following information to prepare the operating activities section of a statement of cash flows for Jon's Catering Company for 2020 using the indirect method.

Net Income	$296,000
Increase in food and beverage inventory	$27,400
Increase in accounts payable	$14,000
Depreciation expense	$47,000
Decrease in accounts receivable	$19,000
Loss on sale of land	$23,400

Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.

Jon's Catering Company Cash Flow Statement For the Year Ended December 31, 2020
Cash Flow from Operating Activities
Net Income	Answer
Adjustments for Non-Cash Items
Depreciation expense	Answer
Loss on sale of land	Answer
Change in Current Assets and Current Liabilities
Decrease in accounts receivable	Answer
Increase in food and beverage inventory	Answer
Increase in accounts payable	Answer
Net Cash Provided (Used) by Operating Activities		Answer