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Majorn Auto Parts Store had net income of $97,000 for the year just ended. Majorn collected the following additional information to prepare its statement of
Majorn Auto Parts Store had net income of $97,000 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 $134,000 $ 34,000 $ 51,000 $ 45,000 $ 231,000 $ 63,000 $ 48,000 Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided by (used in) operating activities? Multiple Choice $(69,000) $327,000 O $57,000 O O $233,000
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