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question #2 Majorn auto parts store had Net Income of $105,000 for the year ended. Majorn collected the following information to prepare its Statement of
question #2 Majorn auto parts store had Net Income of $105,000 for the year ended. Majorn collected the following information to prepare its Statement of Cash Flows for the year: Decrease in Accounts Receivable $24,500 Decrease in Inventory $18,750 Increase in Accounts Payable $14,500 Loss on sale of garage $56,000 Depreciation expense $17,000 Majorn uses the Indirect Method to prepare its Statement of Cash Flows. What is the Net Cash provided by (used in) Operating activities for the year? Multiple Choice $148,250 o $235.750 $123.750 O 0 $165,250
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