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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 $86,000 12,700 8,200 2,750 6,850 Multiple Choice $29,800 $14,250 $13,250 $94,600 $38,000

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