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Norbury Corporation's net income last year was $21,000. The company did not sell or retire any property. plant, and equipment last year. Changes in selected

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Norbury Corporation's net income last year was $21,000. The company did not sell or retire any property. plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: 00:57:50 Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable Inventory Prepaid expenses Accumulated depreciation $11,500 $ (3,2e0) 7,000 $20,000 Liability Accounts: Accounts payable Accrued liabilities Income taxes payable $11,e0e $ (7,700) 2,300 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be: Multiple Choice KPrev7 of 24 Next> operating activities under the indirect method on the statement of cash flows would be Multiple Choice $10,700 $48,600 $61,900 $31,300 Prey7 of 24 Next>

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