A company's income statement showed the following: net income, $131,000; depreciation expense, $38,500; and gain on sale of plant assets, $12,500. An examination of the company's current assets

and current labilities showed the following changes accounts receivable decreased $11,100; merchandise inventory increased $26,500; prepaid expenses increased $7,900; accounts payable

increased $5,100. Calculate the net cash provided or used by operating activities.

TB MC Ou. 12-128 A company's income statement showed... Acompany's income statement showed the following: net income, $131.000, depreciation expense, $38,500, and gain on sale of plant assets, $12,500. An examination of the company's current assets and creates showed the following changes accounts receivable decreased $11100, merchandise Inventory increased $26,500; prepaid expenses increased $7.900; accounts payable od $5.00 Coche et cash provided or used by operating activities