The accounting records of DVD Sales, Inc., include the following accounts:

Requirement
1. Compute DVD€™s net cash provided by (used for) operating activities during July. Use the indirectmethod.

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Accounts receivable Jul 1 21,000 Jul 31 17,000 Accumulated depr.-equipment Jul 1 Depr 55,000 3,000 Jul 31 58,000 Cash Inventory Jul 1 Jul 1 5,500 22,000 ???? Jul 31 Jul 31 3,000 25,500 Retained earnings Accounts payable Jul 1 Jul 1 Dividend 19,000 Net Inc 65,000 65,000 14,500 ???? Jul 31 Jul 31 19,500 111,000