Majorn Auto Parts Store had net income of $90,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable	$120,000
Decrease in inventory	$27,000
Decrease in accounts payable	$44,000
Increase in retained earnings	$38,000
Cash received from sale of building	$224,000
Gain on sale of building	$56,000
Depreciation expense	$41,000

Majorn uses the indirect method to prepare its statement of cash flows. What is Majorn's net cash provided (used) by operating activities?

Answer rating: 100% (QA)

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