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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
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 O $36,500 O $13,000 O $14,000 O $28,800 O $94,100
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