Question: Brief Exercise 17-05 Your answer is partially correct. Try again. The net income for Metz Co. for 2020 was $303,200. For 2020, depreciation on

Brief Exercise 17-05 Your answer is partially correct. Try again. The net income for Metz Co. for 2020 was $303,200. For 2020, depreciation on plant assets was $66,000, and the company incurred a loss on disposal of plant assets of $12,700. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Metz Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Net Cash Used by Operating Activities Net Income Adjustments to reconcile net income to Net Cash Used by Operating Activities Depreciation Expense 66000 Loss on Disposal of Plant Assets 12700 Net Increase in Cash 303200 381900 381900 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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