Learning Objective 2 E-F:16-20 Computing operating activities cash flow-indirect method The accounting records of CD Sales, Inc. include the following accounts: In cone Dept. It Net Cash Prov. by Op. Act. $49,500 50,000 2000 Account Cash Accounts Receivable Merchandise Inventory Accounts Payable Accumulated Depreciation- Equipment Beginning Balance $ 7,500 21,000 20,000 15,000 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 Compute CD's net cash provided by (used for) operating activities during July 2024. Use the indirect method