Using the indirect method, which of the following would be added to net income? O depreciation expense O increase in prepaid expenses decrease in accounts payable O increase in accounts receivable A company just starting its business made the following four inventory purchases in June Date Jun 1 Jun 10 Jun 15 Jun 28 Number of Units 150 200 200 150 Total Cost $480 660 680 525 On June 25, the company made its first sale when a local customer purchased 500 units for $3,500. The company uses a perpetual inventory system. Using the average cost formula, the cost of the ending inventory on June 30 is O $690.50 $1,645.55. O $670.00 O $1,675.00