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DC Hotel's net income for the year ended October 31, 2020 was $137,000. Additional data for the year is provided below. Purchase of property and
DC Hotel's net income for the year ended October 31, 2020 was $137,000. Additional data for the year is provided below. Purchase of property and equipment $256,000 Depreciation of property and equipment $17,200 Dividends declared $57,000 Decrease in beverage inventory $23,000 Loss on sale of equipment $14,000 Issue of common shares $13,300 Calculate the net cash provided (used) by operating activities using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Increase or decrease in cash from operating activities = $
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