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50) Majorn Auto Parts Store had net income of $81.000 for the year just ended. Majorn co the following additional information to prepare its statement
50) Majorn Auto Parts Store had net income of $81.000 for the year just ended. Majorn co the following additional information to prepare its statement of cash flows for the you car just ended. Majorn collected Increase in accounts receivable Decrease in inventory $ 102,000 Decrease in accounts payable $ 18,000 Increase in retained earnings $ 35,000 $ 29,000 Cash received from sale of building $ 215,000 Gain on sale of building $ 47,000 Depreciation expense $ 32,000 indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in) operating activities? A) $41,000 B) $(53,000) C) $185,000 D) $279,000
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