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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable

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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by Accounts receivable increased by Inventories increased by Cash dividends paid Depreciation expense $ 56,000 22,000 29,000 9,000 14,800 24,000 Net cash provided by operating activities was: Multiple Choice $20,000. $48,000. $34,000. $73,200. $132,000

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