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  3. a company's income statement showed the following:

A company's income statement showed the following: net income, $119,000; depreciation expense, $32,500; and gain...

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Accounting

A company's income statement showed the following: net income, $119,000; depreciation expense, $32,500; and gain on sale of plant assets, $6,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $9,900; merchandise inventory increased $20,500; prepaid expenses increased $6,700; accounts payable increased $3,900. Calculate the net cash provided or used by operating activities.

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