Question: Question 3 [20 points] The following information for 2015 relates to Global Filter Corp. : Net income... 48,000 Merchandise inventory decrease... 5,000 Depreciation expense....

Question 3 [20 points] The following information for 2015 relates to Global Filter Corp. : Net income... 48,000 Merchandise inventory decrease... 5,000 Depreciation expense.... 20,000 Accounts payable decrease... 16,000 Income taxes payable decrease.. 17,000 Loss on sale of plant and equipment assets ... 24,500 Calculate the amount of cash provided by operating activities for the year ended December 31, 2015 using the indirect method. (select one) Statement of Cash Flows (select one) X X X X

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