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Klutz Dance Studio had net income of $189,000 for the year just ended. Klutz collected the following additional Information to prepare its statement of cash
Klutz Dance Studio had net income of $189,000 for the year just ended. Klutz collected the following additional Information to prepare its statement of cash flows for the year Decrease in accounts receivable Increase in accounts payable Increase in retained earnings Cash paid for purchase of new music equipment Depreciation expense $ 29,500 $ 16,500 $ 103,000 $ 25,500 $ 6,100 Klutz uses the Indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities? Multiple Choice $111,500 $149,100 0 $225,700 O $241,100
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