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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 $86, 800 13,500 6,800 3,550 7,650 Multiple Choice $31.400. $38,200 $97,600 $15,850 O $16,050

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