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Calculate net cash provided by operating activities

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Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.

12/31/11

12/31/12

Accounts receivable

$17,000

$21,000

Accounts payable

6,000

2,200

Calculate net cash provided by operating activities for Josh's PhotoPlus.

 

Reference no: EM13513588

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