Net income was $69,900; accounts receivable decreased by $17,250; inventory increased by $7,550; proceeds from the issuance of long-term debt were $22,700; accounts payable decreased by $5,850; equipment purchases were $74,500; depreciation and amortization expense was $29,800. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate the net cash provided (used) by operating activities for the period. Cash Flows from Operating Activities 4

Net income was $69,900; accounts recelvable decreased by $17.250, inventory increased by $7,550, proceeds from the issuance of long-term debt were $22,700; accounts payable decreased by $5,850, equipment purchases were $74,500, depreciation and amortization expense was $29,800. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate the net cash provided (used) by operating activities for the period