Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income$85,300 Depreciation expense 12,000 Gain on sale of land 7,500 Increase in merchandise inventory 2,050 Increase in accounts payable 6,150
A. $69,900.
B. $108,900.
C. $81,600.
D. $93,900.
E. $85,700.
Answer: D
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