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Majorn Auto Parts Store had net income of $91,000 for the year just ended. Majorn collected the following additional information to prepare its statement of
Majorn Auto Parts Store had net income of $91,000 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 Decrease in inventory Decrease in accounts payable Increase in retained earnings Cash received from sale of building Gain on sale of building Depreciation expense $122,000 $28,000 $45,000 $39,000 $225,000 $57,000 $42,000 Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities? $215,000 $51,000 $(63,000) O $309,000
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