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Norbury Corporation's net income last year was $52,000. 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 $52,000. 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 $22,500 $(5,400) $18,000 $42,000 Liability Accounts: $22,000 $(9,900) 4,500 Accounts payable Accrued liabilities Income taxes payable 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 $28,500 $75,500 $145.700 o $103,600

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