Crumbs and Doilies reported net income of $125,000 for the c…
Crumbs and Doilies reported net income of $125,000 for the current year. During the year: – Depreciation Expense was $10,000 – Gain on the sale of a piece of equipment was $3,000 – Loss on the sale of land was $1,000 – Cash increased by $5,000 – Accounts Receivable increased by $7,000 – Inventory decreased by $2,000 – Accounts Payable increased by $8,000 – Advances from Customers decreased by $15,000 – Notes Payable (short-term) increased by $10,000 – Notes Payable (long-term) decreased by $20,000 If the indirect method is used to calculating 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.