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T A company has the following: Income Statement Information: Sales Revenue: $120,000 COGS: $70,000 Gross Profit: $50,000 Depreciation Expense: $9,000 Selling Expenses: $28,000 Net
T A company has the following: Income Statement Information: Sales Revenue: $120,000 COGS: $70,000 Gross Profit: $50,000 Depreciation Expense: $9,000 Selling Expenses: $28,000 Net Income: $13,000 Balance Sheet Information: Decrease in Accounts Receivable: $6,000 Increase in Inventory: $2,000 Increase in Accounts Payable: $3,000 Calculate net cash provided by (used by) operating activities using the indirect method. For negative net cash flow, enter a minus sign in front (e.g. -1,000).
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