26 of 36 (18 complete) Homework: 9-1 MyAccounting Lab: Module Nine Homework Score: 0 of 2 pts QC12-7 (similar to) The following information pertains to Utah Company: $ 7,000 Net income Depreciation expense Payment of dividends Increase in accounts receivable 35,000 Increase in accounts payable ... $ 7,000 Acquisition of equipment 3,000 with cash. 5,000 Sale of treasury stock. 12,000 Payment of long-term debt. 18,000 Proceeds from sale of land Decrease in inventories ........ Collection of long-term notes receivable Loss on sale of land. 29,000 6,000 19,000 40,000 2,000 Under the indirect method, net cash provided by operating activities would be OA. $71,000. B. $70,000. C. $64,000. OD. $75,000