Use the following information and the indirect method to calculate the net cash provided or...
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Accounting
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
| Net income | $ | 86,500 |
| Depreciation expense | 13,200 | |
| Gain on sale of land | 7,100 | |
| Increase in merchandise inventory | 3,250 | |
| Increase in accounts payable | 7,350 | |
Multiple Choice
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$30,800.
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$15,100.
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$16,100.
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$96,700.
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$37,900.
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