en se the following income statement and information about selected current assets and current liabilities to 26. U calculate the net cash provided or used by operating activities using the indirect method. (24 points) PULLMAN COMPANY Income Statement For Year Ended December 31, 2015 $180,000 04 Sales Cost of goods sold Gross profit from sales Operating expenses: $76,000 Salaries and wages expense Depreciation expense Rent expense Interest expense $25,000 7,000 7,200 1,900 $34,900 Income from operations Loss on sale of land Net income $31.400 Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, are as follows Balance Dec. 31, 2015Dec. 31, 2014 $24,000 Accounts receivable Merchandise inventory Prepaid rent Accounts payable Salaries and wages payable Interest payable $27,600 22,300 550 27,100 10,400 300 20,000 400 26,000 9,000 250