The March accounting records of Marley & Associates include these accounts:

Requirement
1. Compute Marley & Associates€™ net cash provided by operating activities during March. Use the indirectmethod.

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Cash 9,000 Payments 6,000 Accounts Receivable Mar 1 Receipts Mar 31 448,000 Mar 1 15,000 Collections 445,000 Sales Mar 31 445,000 443,000 13,000 Inventory 22,000 Cost of goods sold 271,000 Payments 276,000 Mar 1 34,000 Accounts Payable Mar 1 Purchases Mar 31 10,000 Purchases 283,000 Mar 31 283,000 17,000 Accumulated Depreciation Retained Earnings Mar 1 53,000 Dividends 23,000 Mar 1 Net income Mar 31 82,000 Depreciation expense 7000 Mar 31 70,000 129,000 60,000