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Business, 20.07.2020 01:01 aliopqwas

A company's income statement showed the following: net income, $118,000; depreciation expense, $32,000; and gain on sale of plant assets, $6,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,800; merchandise inventory increased $20,000; prepaid expenses increased $6,600; accounts payable increased $3,800. Calculate the net cash provided or used by operating activities.

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A company's income statement showed the following: net income, $118,000; depreciation expense, $32,0...
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