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Kelsy Diner's net income for the year ended October 3 1 , 2 0 2 0 was $ 9 4 , 0 0 0 .

Kelsy Diner's net income for the year ended October 31,2020 was $94,000. Additional information is shown below.

Interest expense on borrowing $6,900

Increase in accounts receivable $13,700

Decrease in prepaid expense $2,900

Decrease in accounts payable $3,100

Dividends paid to common shareholders $16,000

Calculate the net cash provided (used) by operating activities using the indirect method.


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