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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 inventory Increase in accounts payable $ 86,600 13,300 7,000 3,350 7,450 Multiple Choice $31,000. $16,350. $15,350. $38,000 $97,000

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