Answer---------------$57,500
Working
Statement of Cash Flows (Partial) | ||
Cash flows from operating activities: | ||
Net income | $ 65,000 | |
Adjustments to reconcile net income to | ||
net cash provided by operating activities: | ||
Depreciation expense | $ 1,000 | |
Incease in accounts receivables | $ (2,000) | |
Decrease in inventory | $ 3,000 | |
Decrease in accounts payable | $ (9,500) | |
$ (7,500) | ||
Net cash from Operating Activities | $ 57,500 |
The flowing data relates to Laurier le for the year. Some amounts may be rezbie A...