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Klutz Dance Studio had net income of $203,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash

Klutz Dance Studio had net income of $203,000 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 $ 33,000
Increase in accounts payable $ 20,000
Increase in retained earnings $ 110,000
Cash paid for purchase of new music equipment $ 29,000
Depreciation expense $ 6,800

Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided by (used in) operating activities?

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