Texas Imaging reported net income of $30,000 for the current…
Texas Imaging reported net income of $30,000 for the current year. During the year, Inventory decreased by $5,200, Accounts Payable increased by $6,500, Long-term Notes Payable decreased by $20,000, Depreciation Expense was $8,500, loss on the sale of a piece of equipment was $1,200, and Prepaid Expenses increased by $3,800. If the indirect method is used to calculate the operating section on the Statement of Cash Flows, what is the net cash provided (used) by operating activities? Enter your answer without a comma, dollar sign, or decimal point.