Bella, INC. Income Statement For the Year Ended December 31, 2012 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $300 120 180 $136 . During 2013, the Grande Corporation generated $460,000 in net income $210,000. During the same year, the depreciation expense totaled $42,000, A/R increased by $22,000, Inventory decreased by $36,000, prepaid expenses increased by $6,000, A/P decreased by $18,000. The grande corporation also experienced a loss of $6,000 on the sale of a long term asset. The asset was sold for $15,000. Determine how much cash was provided or used by operating activities. Answer Provided or used (circle the correct answer) Bella, INC. Income Statement For the Year Ended December 31, 2012 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $300 120 180 $136 . During 2013, the Grande Corporation generated $460,000 in net income $210,000. During the same year, the depreciation expense totaled $42,000, A/R increased by $22,000, Inventory decreased by $36,000, prepaid expenses increased by $6,000, A/P decreased by $18,000. The grande corporation also experienced a loss of $6,000 on the sale of a long term asset. The asset was sold for $15,000. Determine how much cash was provided or used by operating activities. Answer Provided or used (circle the correct answer)