Question: Using the indirect method, calculate the net cash provided by operating activities using the following information for *** Company: Net income for the year was

Using the indirect method, calculate the net cash provided by operating activities using the following information for *** Company:

Net income for the year was $ 58,000

Accounts payable decreased by 24,000

Accounts receivable decreased by 13,000

Inventories increased by 12,000

Paid cash for new equipment 29,000

Depreciation expense was 56,000

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