Calculate net cash provided by operating activities

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Problem - Wise Photography reported net income of $115,000 for 2020. Included in the income statement were depreciation Expense of $4,300 amortization expense of $2,600, and a gain on disposal of plant assets of $3,700. Wise's comparative balance sheets show the following balances.

 

12/31/19

12/31/20

Accounts receivable

$26,800

$22,000

Accounts payable

6,200

9,700

Required - Calculate net cash provided by operating activities for Wise Photography.

Reference no: EM132857136

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