Question: Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the period. Net income $113,000

Use the appropriate information from the data provided below to calculate the net cash provided (used) by operating activities for the period.

Net income

$113,000

Accounts receivable increase (for the period)

24,000

Inventory decrease (for the period)

19,000

Proceeds from the issuance of long-term debt

260,000

Accounts payable decrease (for the period)

11,000

Purchases of equipment

175,000

Depreciation and amortization expense

42,000

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