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Downsview Corp.reported net income for calendar 2020 of $375,000. Additional information follows: Depreciation on property, plant and equipment....... $187,500 Bad debts expense.... 68,750 Purchase of

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Downsview Corp.reported net income for calendar 2020 of $375,000. Additional information follows: Depreciation on property, plant and equipment....... $187,500 Bad debts expense.... 68,750 Purchase of equipment.. 31,250 Interest paid on long-term bonds. 18.750 Loss on sale of equipment... 106,250 Based on the above information, the cash provided by operating activities (indirect method) for calendar 2020 is $787,500 O $706,250. O $737,500. O $756,250

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