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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 $ 87,000 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 $ 87,000 Depreciation expense 13,700 Gain on sale of land 6,600 Increase in merchandise inventory 3,750 Increase in accounts payable 7,850 Multiple Choice $16,350. $98,200. $17,350. $31,800. $38,400

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