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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 Gain on

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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 Gain on sale of land Increase in merchandise inventory2,450 Increase in accounts payable $85,700 12,400 7,900 6,550 Multiple Choice

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