Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 28

Calculate cash flows from operations -indirect method Net income was $89,400; accounts receivable decreased by $24,000; inventory increased by $14,400; proceeds from the issuance of long-term debt were $30,000; accounts payable decreased by $8,200; equipment purchases were $100,000; depreciation and amortization expense was $45,000.
Required:
Calculate the net cash provided (used) by operating activities for the period.