Question
Majorn Auto Parts Store had net income of $81,000 for the year just ended. Majorn collected the following additional information to prepare its statement of
Majorn Auto Parts Store had net income of $81,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year: Increase in accounts receivable$ 102,000Decrease in inventory$ 18,000Decrease in accounts payable$ 35,000Increase in retained earnings$ 29,000Cash received from sale of building$ 215,000Gain on sale of building$ 47,000Depreciation expense$ 32,000 Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in) operating activities?
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