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Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 86,000 Depreciation expense

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income $ 86,000
Depreciation expense 12,700
Gain on sale of land 8,200
Increase in merchandise inventory 2,750
Increase in accounts payable 6,850

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