Quiz: ACC 2312 Exam 2 X urses/6524/quizzes/110210/take Use the appropriate information from the data provided below to prepare the operating activities section for a statement of cash flows using the indirect method. (Remember not all of these items will be used in the calculation of cash provided by (used by) operating activities) Net income $113,000 Accounts receivable increase (for the period) 24,000 Inventory decrease (for the period) 19,000 Proceeds from issuance of long-term debt 260,000 Accounts payable decrease (for the period) 11,000 Purchase of equipment 175,000 Depreciation expense 42,000 Gain on sale of land 32,000 Edit View Insert Format Tools Table 12pt Paragraph B IYA