A company has the following: Income Statement Information: Sales Revenue: $120,000 CoGs: $70,000 Gross Proft:...
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A company has the following: Income Statement Information: Sales Revenue: $120,000 CoGs: $70,000 Gross Proft: $50.000 Depreciation Expense: $9.000 Selling Expenses: $28,000 Net income: $13.000 Balance Sheet information: Decrease in Accounts Recelvable: $6,000 Increase in Inventory: $2,000 Increase in Accounts Payable: $3.000 Calculate net cash provided by (used by) operating activities using the indirect method. For negative net cash fow, use parentheses or a minus sign
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