Cambrian CollegeACC 1026 Downsview Corp

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Cambrian CollegeACC 1026

Downsview Corp. reported net income for calendar 2020 of $375,000. Additional information follows:

 Depreciation on property, plant and equipment............$187,500

Bad debts expense........................................................68,750

Purchase of equipment..................................................31,250

Interest paid on long-term bonds..................................18,750

Loss on sale of equipment.............................................106,250

Based on the above information, the cash provided by operating activities (indirect method) for calendar 2020 is