Homework Answers
Calculation of Net cash provided or used by operating activities:
| Particulars | Amount ($) |
| Net Income | 119,000 |
| Add: Depreciation Expense (Non-Cash item) | 32,500 |
| Less: Gain on plant assets | 6,500 |
| Add: Decrease in Accounts Receivable | 9,900 |
| Less: Increase in Inventory | 20,500 |
| Less: Increase in prepaid expenses | 6,700 |
| Add: Increase in Accounts payable | 3,900 |
| Net cash provided or used by operating activities | 131,600 |
The answer is $131,600
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