Sheridan Company reported net income of $191,310. It reported depreciation expense of $14,690 and accumulated depreciation of

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Question:

Sheridan Company reported net income of $191,310. It reported depreciation expense of $14,690 and accumulated depreciation of $51,280. Amortization expense was $8,720. Sheridan Company purchased new equipment during the year for $52,970.

Determine net cash provided by operating activities under the indirect method.

Net cash provided by operating activities

$enter net cash provided by operating activities in dollars