7. The net income for Gemini Company for 2020 was $100,000. following are some facts related to the Company: Depreciation Expense $14,000; Decrease in long-term bonds payable 20,000 ; Increase in...

Extracted text: 7. The net income for Gemini Company for 2020 was $100,000. following are some facts related to the Company: Depreciation Expense $14,000; Decrease in long-term bonds payable 20,000 ; Increase in Accounts payable 5,000; Increase in salaries payable 9,000; Decrease in rent payable 3,000 ; Cash received from the sale of land 26,20%; loss on sale of land 7,500; Increase in accounts Payable decrease in Inventory 4,0003; 15,000; Repayment of a bank loan 12,400; Using the indirect method, calculate the net cash flows from operating activities