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Use the Following Information and the Indirect Method to Calculate

question 140

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Use the following information and the indirect method to calculate the net cash provided or used by operating activities:  Cash paid for purchase of plant assets $15,000 Decrease in interest payable 2,000 Depreciation expense 30,000 Gain on retirement of bonds 32,000 Increase in accountsreceivable 40,000 Loss on sale of plant assets 5,000 Net Income 76,000\begin{array}{|l|r|}\hline \text { Cash paid for purchase of plant assets } & \$ 15,000 \\\hline \text { Decrease in interest payable } & 2,000 \\\hline \text { Depreciation expense } & 30,000 \\\hline \text { Gain on retirement of bonds } & 32,000 \\\hline \text { Increase in accountsreceivable } & 40,000 \\\hline \text { Loss on sale of plant assets } & 5,000 \\\hline \text { Net Income } & 76,000\\\hline \end{array}

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