A company reports net income of

$9,600

for the year. During the year, the company reports an

$1,120

loss from retirement of notes\ and a gain of

$1,680

from the sale of equipment. Also, depreciation expense is

$3,440

. The only change in current assets and current\ liabilities was a

$560

increase in inventory.\ Compute net cash provided by operating activities using the indirect method.\ Note: Amounts to be deducted should be indicated with a minus sign.

A company reports net income of $9,600 for the year. During the year, the company reports an $1,120 loss from retirement of notes and a gain of $1,680 from the sale of equipment. Also, depreciation expense is $3,440. The only change in current assets and current liabilities was a $560 increase in inventory. Compute net cash provided by operating activities using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign