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The data given below are from the accounting records of the Kuhn Corporation: Net Income (accrual basis) $45,000 Depreciation Expense $9,000 Decrease in Accounts Payable

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

Net Income (accrual basis)

$45,000

Depreciation Expense

$9,000

Decrease in Accounts Payable

$2,500

Decrease in Inventory

$3,000

Increase in Bonds Payable

$10,000

Sale of Common Stock for cash

$30,000

Increase in Accounts Receivable

$4,500

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

$55,000

$58,000

$50,000

$60,000

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