Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $87,300 14,000 6,300 4,050 8,150 Depreciation expense Gain on bond retirement Increase in prepaid rent Increase in salaries payable

Use the following information and the indirect method to calculate the net cash provided or used by operating activities: \begin{tabular}{ll} Net income & $87,300 \\ Depreciation expense & 14,000 \\ Gain on bond retirement & 6,300 \\ Increase in prepaid rent & 4,050 \\ Increase in salaries payable & 8,150 \end{tabular}