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

Compute CD’s net cash provided by (used for) operating activities during July 2024.
Use the indirect method.

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Account Cash Accounts Receivable Merchandise Inventory Accounts Payable Beginning Balance $ 7,500 21,000 20,000 15,000 Accumulated Depreciation- Equipment 56,000 Jul. 1 2,000 Depr. Exp. 58,000 Jul. 31 Ending Balance $ 6,500 17,500 30,000 19,000 Retained Earnings 63,000 Dividends 15,000 50,000 98,000 Jul. 1 Net Inc. Jul. 31