Airqon Co'S Income Statement Showed the Following for the Year Ended

Essay

Airqon Co.'s income statement showed the following for the year ended December 31,2021: profit,$89,000; depreciation expense,$42,000; and gain on sale of plant assets,$6,000.An examination of the company's current assets and current liabilities showed that the following changes occurred because of operating activities: accounts receivable decreased $5,500; merchandise inventory increased $7,200; prepaid expenses increased $55,600; accounts payable decreased $3,300.Using the indirect method,calculate the net cash provided (or used)by operating activities.