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

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

Net income for the year was $ 63,000 Accounts payable decreased by 19,000 Accounts receivable decreased by 15,000 Inventories increased by 12,000 Paid cash for new equipment 37,000 Depreciation expense was 52,000

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