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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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