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Chino Company reported net income of $20,000 for the current year. During the year, Inventory decreased by $7000, Accounts Payable decreased by $8,000, Depreciation Expense

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Chino Company reported net income of $20,000 for the current year. During the year, Inventory decreased by $7000, Accounts Payable decreased by $8,000, Depreciation Expense was $10,000, and Accounts Receivable increased by $6, 500. If the indirect method is used, what is the net cash provided by operating activities? $22, 500. $10, 500. $38, 500. $51, 500

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