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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for

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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was Accounts payable decreased by Accounts receivable increased by Inventories increased by Cash dividends paid were Depreciation expense was $59,500 25,500 32,500 12,500 15,500 27,500 Net cash provided by operating activities was: Multiple Choice 0 $51,500 0 0 O $70,000 O $42.500. $142,500 0

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