Compute cash flows from operating activities using the indirect method

Background information: Decrease in interest payable Depreciation expense Gain on retirement of bonds Increase in accounts receivable Loss on sale of plant assets Net Income 1,000 30,900 32,300 40,000 5,900 78,000 Question 1 of 1 The net cash provided (used) by operating activities is $23,500 $59,500 . $59,700 $41,500 $94,300