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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 $ 12,600 Depreciation expense
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income | $ 12,600 |
Depreciation expense | 12,300 |
Payment on mortgage payable | 15,300 |
Gain on sale of land | 7,800 |
Increase in merchandise inventory | 2,350 |
Increase in accounts payable | 6,450 |
Proceeds from sale of land | 8,150 |
$13,050.
$21,200.
$36,800.
$29,000.
$14,050.
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