Under the indirect? method, net cash provided by operating activities would be

Net income. 70,000 Increase in accounts payable 9,000 Depreciation expense 14,000 Acquisition of equipment Payment of dividends 4,000 with cash. 22,000 7,000 Increase in accounts receivable 5,000 Sale of treasury stock. 17,000 Collection of long-term notes receivable 5,000 Payment of long-term debt Loss on sale of land. 16,000 Proceeds from sale of land 36,000 2,000 Decrease in inventories