Question 52 (2 points) Profit reported for the current year was $200,000. Depreciation expense was $35,000. During the year, Accounts Receivable and Merchandise Inventory increased $18,000 and $26,000, respectively. Prepaid Expenses and Accounts Payable decreased $4,000 and $9,000, respectively. There was also a loss on the sale of equipment of $6,000. Using the indirect method, how much cash was provided by operating activities? $244,000 $210,000 $192,000 $182,000 Question 53 (2 points) If a gain of $30,000 is incurred in selling (for cash) office equipment that cost $120,000 and had accumulated depreciation of $40,000, the total amount reported in investing activities is $90,000 $150,000 $110,000 O $130,000