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  3. ocean pines company had a net income of $525,000.

Ocean Pines Company had a net income of $525,000. They also had a depreciation expense...

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Accounting

Ocean Pines Company had a net income of $525,000. They also had a depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $-30,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares its Statement of Cash Flows using the indirect method.

Use this information to determine the dollar value of cash provided or (used) by operating activities. 



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