Use the Appropriate Information from the Data Provided Below to Calculate

question 2

Essay

Use the appropriate information from the data provided below to calculate the net cash provided (used)by operating activities for the period.
$\begin{array}{lr}\text { Net income } & \$ 113,000 \\\text { Accounts receivable increase (for the period) } & 24,000 \\\text { Inventory decrease (for the period) } & 19,000 \\\text { Proceeds from the issuance of long-term debt } & 260,000 \\\text { Accounts payable decrease (for the period) } & 11,000 \\ \text { Purchases of equipment } & 175,000 \\\text { Depreciation and amortization expense } & 42,000\end{array}$

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Definitions:

Hand-operated Parking Brake

A manually controlled system that locks the brakes to prevent a vehicle from rolling when parked.

Latch

A mechanical fastener that joins two objects or surfaces, allowing for easy separation or access.

Gear

A mechanical component featuring teeth that mesh with other gear teeth to transmit torque and speed in machinery.

Seized Caliper

Refers to a brake caliper that has become stuck in a position, either applied or released, leading to impaired braking performance.