T

The data given below are from the accounting records of the Kuhn Corporation:

Net Income $($accrual basis$)$$ $45,000$Depreciation Expense$ $9,000$Decrease in Accounts Payable$ $2,500$Decrease in Inventory$ $3,000$Increase in Bonds Payable$ $10,000$Sale of Common Stock for cash$ $30,000$Increase in Accounts Receivable$ $4,500$

Based on this information, the net cash provided by $($used in$)$ operating activities using the indirect method would be:$$

Multiple Choice

$$55,000$

$$58,000$

$$50,000$

$$60,000$