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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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