Business Finance Homework Help

Net Income……75000
Sales Revenue…..450000
COGS ( except dep)…275000
dep expense…50000
amortization of intangible assets…20000
interest on short term debt for yr…5200
dividends declared and paid…3500
selected account balances:
Accounts rec. beg bal 22000 end of yr 15000
inventory beg bal. 3500 end of yr 40000
acc pay beg. bal. 47500 end of yr 52000
interest pay beg bal. 1200 end of yr 400
using the indirect method/ then direct method compute the net amount of cash provided by (used in) operating activities for the year