Question Help $ 7.000 X QC12-7 (similar to) The following information pertains to Utah Company: Net income 60,000 Increase in accounts payable Depreciation expense 15,000 Acquisition of equipment Payment of dividends 5,000 with cash Increase in accounts receivable 7,000 Sale of treasury stock Collection of long-term notes receivable 10,000 Payment of long-term debt... Loss on sale of land 17,000 Proceeds from sale of land Decrease in inventories Under the Indirect method, net cash provided by operating activities would be 30,000 6.000 18,000 32,000 5,000 A. $101,000 OB. $97,000 C. $99,000 D. $92,000