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Mattix Corporation's balance sheet and income statement appear below. Comparative Balance Sheet Ending Balance Beginning Balance $ 23 $ 22 39 43 587 359 $333

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Mattix Corporation's balance sheet and income statement appear below. Comparative Balance Sheet Ending Balance Beginning Balance $ 23 $ 22 39 43 587 359 $333 500 347 5259 Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 38 $ 26 18 39 109 120 $333 $259 $972 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of equipment Income before taxes Income taxes Net income The company sold equipment for $20 that was originally purchased for $7 and that had accumulated depreciation of $1. It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock Required: Determine the net cash provided by (used in) operating activities for the year using the indirect method. Net cash provided by used in) operating activities

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