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Norbury Corporation's net income last year was $41,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected
Norbury Corporation's net income last year was $41,000. 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 $20,000 $(4,900) $15,500 $37,000 $19,500 $(9,400) $ 4,000 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
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