Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable $ 85,500 12,200 7,700 2,250 6,350

Use the following information and the indirect method to calculate the net cash provided or used by operating activities Net income Depreciation expense Gain on sale of 1 and Increase in merchandise inventory Increase in accounts payable \$ 85,580 12,280 7,760 2, 250 6,350