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3 Norbury Corporation's net income last year was $34,000. The company did not sell or retire any property, plant, and equipment last year. Changes in

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3 Norbury Corporation's net income last year was $34,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 12,000 Inventory $ 9,000) Prepaid expenses $ 4,000 Accumulated depreciation $ 19,000 Liability Accounts: Accounts payable $ 5,000 Accrued liabilities $ 7,000 Income taxes payable $ (6,000) Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be: (2.09) Prepaid expenses $ $ 4,000 19,000 Accumulated depreciation Liability Accounts: Accounts payable $ 5,000 Accrued liabilities $ 7,000 Income taxes payable $ 66,000) Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be: (2.08) A $52,000 B. $66,000 C $53,000 D. $16,000 O OBCOD E 83/#40 T

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