Problem - Background information:
Decrease in interest payable $1,000
Depresiassion expense $30,900
Gain on the retireent of bonds $32,300
Increase in accounts receivable $40,000
Loss on sale of sale of plant assets $59,000
Net income $78,000
The net cash provided (used) by operating activities is _____.
$23,500
$59,500
$59,700
$41,500
$94,300