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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 Depreciation expense $

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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 Depreciation expense $ 86,300 13,000 Gain on sale of land 7,300 Increase in merchandise inventory 3,050 Increase in accounts payable 7,150 Multiple Choice $30.400. $37,700 $14.600. $96.100. $15,600

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