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1-3-4 The net income reported on the income statement for the current year was $206000. Depreciation...

1-3-4

The net income reported on the income statement for the current year was $206000. Depreciation was $45000. Accounts receivable and inventories decreased by $4000 and $13000, respectively. Prepaid expenses and accounts payable increased, respectively, by $400 and $12000. Investments were sold at a loss of $20700. How much cash was provided by operating activities?

$273400.

$300300.

$222400.

$264400
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Answer #1
Net income 206000
(+) Depreciation 45000
(+) Loss on sale of investment 20700
(+) Decrease in accounts receivables 4000
(+) Decrease in inventories 13000
(-) Increase in prepaid expenses 400
(+) Increase in accounts payable 12000
Cash provided by operating activities 300300
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