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Norbury Corporation's net income last year was $25,000. 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 $25,000. 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. Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 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 $75,500 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 $75.500 $37,700 $12.300 558,600

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