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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income - $42,000 Accounts payable increased by

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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income - $42,000 Accounts payable increased by - $18,000 Accounts receivable decreased by - $25,000 Inventories decreased by - $5,000 Cash dividends paid - $14,000 Purchase of a truck - $22,000 Depreciation expense - $20,000 Net cash provided by operating activities was: $110,000 $24,000 $120,000 $70,000 $71,000

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