du u Net income was Mini-Exercise Calculate cash flows from operations-indirect method Net incom 9.4 $89,400; accounts receivable decreased by $24,000; inventory increased by $14 LO 10 proceeds from the issuance of long-term debt were $30,000; accounts payable creased by $8,200; equipment purchases were $100,000; depreciation and amorti tion expense was $45,000. Required: Calculate the net cash provided (used) by operating activities for the period