Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 13,700 Depreciation expense $13,400 Payment on mortgage payable $ 16,400 Gain on sale of land $ 6,900 Increase in merchandise inventory $3,450 Increase in accounts payable $7,550 Proceeds from sale of land $ 8,700 a) -$31,200. b) -$15,600. c) $16,600. d) $38,100. e) $24,300