Use the Following Income Statement and Information About Selected Current

Use the following income statement and information about selected current assets and current liabilities to calculate the net cash provided or used by operating activities using the indirect method.
$\begin{array}{cc}\text {PULLMAN COMPANY}\\\text {Income Statement}\\\text {For Year Ended December 31, \(20 \mathrm { X } 2\)}\\\begin{array}{|l|r|r|}\hline\text { Sales } & & \$ 180,000 \\\hline\text { Cost of goods sold } & & 104,00 \\\hline\text { Gross profit from sales } & & \$ 76,000 \\\hline \text { Operating expenses: } & & \\\hline \text { Salaries and wages expense } & \$ 25,000 & \\\hline \text { Depreciation expense } & 7,000 & \\\hline \text { Rent expense } & 7,200 & \\\hline \text { Interest expense } & 1,900 & 41,100 \\\hline \text { Income from operations } & & \$ 34,900 \\\hline \text { Loss on sale of land } & & 3,500 \\\hline \text { Net income } & & \$ 31,400 \\\hline\end{array}\end{array}$ Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, are as follows:
$$\begin{array} { | l | r r | } \hline &\quad\quad\quad\quad\quad\quad { \text { Balance } } \\\hline \text { Accounts receivable } & \text { Dec. 31,20X2 } & \text { Dec. } 31,20 \mathrm { X } 1 \\\hline \text { Merchandise inventory } & \$ 27,600 & \$ 24,000 \\\hline \text { Prepaid rent } & 22,300 & 20,000 \\\hline \text { Accounts payable } & 550 & 400 \\\hline \text { Salaries and wages payable } & 27,100 & 26,000 \\\hline \text { Interest payable } & 10,400 & 9,000 \\\hline\end{array}$$