22. Use the following information and the indirect method tocalculate the net cash provided or used by operatingactivities:

Net income	$	87,300
Depreciationexpense		14,000
Gain on sale ofland		6,300
Increase inmerchandise inventory		4,050
Increase inaccounts payable		8,150

22B. Alvez reports net income of $340,000 for the year endedDecember 31. It also reports $111,900 depreciation expense and a$12,100 loss on the sale of equipment. Its comparative balancesheet reveals a $48,600 increase in accounts receivable, a $12,300decrease in prepaid expenses, a $18,700 increase in accountspayable, a $15,300 decrease in wages payable, a $90,400 increase inequipment, and a $121,000 decrease in notes payable. Calculate thenet increase in cash for the year.

22C.On February 15, Jewel Company buys 6,500 shares of MarceloCorp. common stock at $28.93 per share plus a brokerage fee of$450. The stock is classified as available-for-sale securities.This is the company’s first and only investment inavailable-for-sale securities. On March 15, Marcelo Corp. declaresa dividend of $1.25 per share payable to stockholders of record onApril 15. Jewel Company received the dividend on April 15 andultimately sells half of the Marcelo Corp. stock on November 17 ofthe current year for $29.20 per share less a brokerage fee of $300.The balance in the investment account on April 16 is: