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LeBlanc Transportation left parenthesis LT right parenthesis began 2020 with accounts receivable, inventory, and prepaid...

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Accounting

LeBlanc Transportation left parenthesis LT right parenthesis began 2020 with accounts receivable, inventory, and prepaid expenses totalling $ 67 comma 000. At the end of the year, LT had a total of $ 76 comma 000 for these current assets. At the beginning of 2020, LT owed current liabilities of $ 42 comma 000, and at year-end, current liabilities totalled $ 41 comma 000. Net income for the year was $ 88 comma 000. Included in net income were a $ 8 comma 000 gain on the sale of land and depreciation expense of $ 9 comma 000.
Show how LT should report cash flows from operating activities for 2020. LT uses the indirect method.
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