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Klutz Dance Studio had net income of $195,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash
Klutz Dance Studio had net income of $195,000 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 $ 31,000 $ 18,000 $106,000 $ 27,000 $ 6,400 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 $250,400 $152,400 o $236,800 O $116,000
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