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Question 1 (of 5) Award: 4.50 out of 6.00 points Net income was $66,300; accounts...

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Question 1 (of 5) Award: 4.50 out of 6.00 points Net income was $66,300; accounts receivable decreased by $16,500; inventory increased by $7,500; proceeds from the issuance of long-term debt were $21,600; accounts payable decreased by $5,600; equipment purchases were $71,000; depreciation and amortization expense was $28,400. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate the net cash provided (used) by operating activities for the period Cash Flows from Operating Activities $ 66,300 16,500 7,500 (21,600) 5,600 $ 71,000 $ 28,400 Net income Accounts receivable decrease Inventory increase Long-term debt Accounts payable decrease Equipment purchases Depreciation and amortization expense Net cash provided by operating activities $ 173,700 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted eBook & Resources eBook: Illustratethe ence between the esentin h fl

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