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Majorn Auto Parts Store had net income of $94,000 for the year just ended. Majorn collected the following additional Information to prepare its statement of
Majorn Auto Parts Store had net income of $94,000 for the year just ended. Majorn collected the following additional Information to prepare its statement of cash flows for the year Increase In accounts recelvable Decrease In Inventory Decrease In accounts payable Increase In retalned earnings Cash recelved from sale of building Galn on sale of building Depreciation expense $128,000 $31,000 $48,000 $42,000 $228,000 $60,000 $45,000 Majorn uses the Indirect method to prepare Its statement of cash flows. What is Majorn's net cash provided (used) by operating activities? o $318,000 O $224,000 o $(66,000) O $54,000
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