(Answered) Question - klutz dance studio had net income of 177000 for

Accounting

Question - Klutz Dance Studio had net income of $177,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:

Decrease in accounts receivable $26,500

Increase in accounts payable $13,500

Increase in retained earnings $97,000

Cash paid for purchase of new music equipment $22,500

Depreciation expense $5,500

Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities?

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