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The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset...

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Accounting

The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability
accounts at March 31:
Cullumber's statement of income reported the following selected information for the year ended March 31,2024: net income was
$270,000, depreciation expense was $64,000, and a loss on the disposal of land was $14,000. Cullumber uses a perpetual inventory
system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with
either a- sign e.g.-15,000 or in parenthesis e.g.(15,000)).)
CULUMBER CORPORATION
Statement of Cash Flows (Partial)
For the Year Ended March 31,2024
Cash Flows from Operating Actlvitles
Adjustments to reconcile net income to
Net Cash Provided by Operating Actlvitles
Depreclatlon Expense
Loss on Disposal of Land
Accounts Recelvable increase
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