wy, Seventh Canadian Edition by Kimmel, Weygandt, Kleso, Trenholm, Irvine, and Burnley Help System Announcements PRINTER VERSION Brief Exercise 13-16 The comparative statement of financial position for Ivanhoe Corporation shows the following noncash current asset and liability accounts at March 31: + BACK Accounts receivable Inventory Prepaid expenses Accounts payable Income tax payable 2018 $66,000 62,000 6,100 32,300 10,200 2017 $49,200 72,000 4,300 48,200 5,650 Ivanhoe's income statement reported the following selected information for the year ended March 31, 2018: sales were $860,000, cost of goods sold was $480,000, operating expenses were $223,000 (which included depreciation expense of $20,000), and income tax expense was $15,000. Calculate net cash provided (used) by operating activities using the direct method. IVANHOE CORPORATION Statement of Cash Flows (Partial) Year Ended Marc 31, 2018 Operating activities Cash payments $ LINK TO TEXT By accessing this question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor MacBook Air