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Queen Anne's Revenge's income statement showed the following: net income, $34,300 and depreciation expense, $36,300. An...

Queen Anne's Revenge's income statement showed the following: net income, $34,300 and depreciation expense, $36,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $2,500; merchandise inventory increased $1,000; and accounts payable increased $2,200. Calculate the net cash provided or used by operating activities.

$36,300.

$34,300.

$31,300.

$43,700.

$41,300.

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Net Cash provided by operating activities S 74,300 Working Notes: 34,300 Queen Annes Revenges Partial Statement of Cash flo

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