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The comparative statement of financial position for Carla Vista Corporation shows the following noncash current asset and liability accounts at March 31: Accounts receivable Inventory

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The comparative statement of financial position for Carla Vista Corporation shows the following noncash current asset and liability accounts at March 31: Accounts receivable Inventory Accounts payable Dividends payable 2021 $70,000 80,000 30,000 1,100 2020 $49,500 60,000 45,000 2,300 Carla Vista's statement of income reported the following selected information for the year ended March 31, 2021: net income was $280,000, depreciation expense was $65,000, and a loss on the disposal of land was $11,000. Carla Vista uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) CARLA VISTA CORPORATION Statement of Cash Flows (Partial) Year Ended March 31, 2021 Operating activities Net income 200000 Adjustments to reconcile net income to Net cash provided by operating activities : Depreciation expense 5000 Loss onde posal of land 11000 CARLA VISTA CORPORATION Statement of Cash Flows (Partial) Year Ended March 31, 2021 Operating activities Net income Adjustments to reconcile net income to Net cash provided by operating activities : Depreciation expense 65000 280000 Loss on disposal of land 11000 Net cash provided by operating activities

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