Use the following information and the indirect method to calculate the net cash from or used...

  

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Use the following information and the indirect method to calculate the net cash from or used in operating activities: * Profit before taxes.... Depreciation expense Payment on mortgage payable.. Gain on sale of land....... Increase in merchandise inventory.. Increase in accounts payable.... Proceeds from sale of land...... Income tax paid.... **** $14,000 12,000 15,000 7,500 2,050 6,150 8,000 1,700 Use the following information and the indirect method to calculate the net cash from or used in operating activities: * Profit before taxes.... Depreciation expense Payment on mortgage payable.. Gain on sale of land....... Increase in merchandise inventory.. Increase in accounts payable.... Proceeds from sale of land...... Income tax paid.... **** $14,000 12,000 15,000 7,500 2,050 6,150 8,000 1,700

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