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  3. in preparing a company's statement of cash flows u

In preparing a company's statement of cash flows using the indirect method, the following information...

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Accounting

In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 55,000 Accounts payable decreased by 21,000 Accounts receivable increased by 28,000 Inventories increased by 8,000 Cash dividends paid 14,600 Depreciation expense 23,000 Net cash provided by operating activities was:

  • $21,000.

  • $72,400.

  • $129,000.

  • $33,000.

  • $47,000.

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