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Use the Appropriate Information from the Data Provided Below to Calculate

Question 41

Essay

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\begin{array}{lr}\text { Net income } & \$ 113,000 \\\text { Accounts receivable increase (for the period) } & 24,000 \\\text { Inventory decrease (for the period) } & 19,000 \\\text { Proceeds from the issuance of long-term debt } & 260,000 \\\text { Accounts payable decrease (for the period) } & 11,000 \\ \text { Purchases of equipment } & 175,000 \\\text { Depreciation and amortization expense } & 42,000\end{array}

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