The data given below are from the accounting records of the Kuhn Corporation:

Net Income (accrual basis)	$ 54,000
Depreciation Expense	$ 13,500
Decrease in Accounts Payable	$ 2,950
Decrease in Inventory	$ 3,450
Increase in Bonds Payable	$ 14,500
Sale of Common Stock for cash	$ 30,900
Increase in Accounts Receivable	$ 5,400

Based on this information, the net cash provided by (used in) operating activities using the indirect method would be:

Multiple Choice

• $77,100

• $62,600

• $71,950

• $68,500