) Use the following income statement and information about selected current assets and current liabil calculate the net cash provided or used by operating activities using the indirect method. PULLMAN COMPANY Income Statement For Year Ended December 31, 20x2 Sales Cost of goods sold Gross profit from sales Operating expense $180,000 104.00 76,000 Salaries and wages expense Depreciation expense Rent expense Interest expense $25,000 7,00 Income from operations Loss on sale of land Net income $34,900 40 Selected beginning and ending balances of current asset and current liability accounts, all of which operating activities, are as follows: Balance 31.20X2 Dec. 3 $24,000 $27,60 Accounts receivable Merchandise inventory Prepaid rent Accounts payable Salaries and wages payable Interest payable 20,000 400 26,000 9,000 250 22,300 27,100 10,400 300