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Norbury Corporation's net income last year was $40,000. 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 $40,000. 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 Inventory Prepaid expenses Accumulated depreciation Liability Accounts: Accounts payable Accrued liabilities Income taxes payable $ 17,000 $ (4,300) $ 12,500 $ 31,000 $ 16,500 $ (8,800) $ 3,400 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 $23,100 $56,900 $76,100 $107.300

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