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Calculate the net cash provided by operating activities

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Reference no: EM132793824

Problem - Matloc Corporation reported net income of $ 5,000 in 2020. Depreciation expense was $17,500 and unrealized losses on FV-NI investments were $4,000. The following accounts changed as indicated in 2020:

Accounts Receivable $10,400 increase

Bond Investment at Amortized Cost 17,100 increase

Deferred Tax Assets 2,300 decrease

Inventory 6,300 increase

Notes Payable (non-trade) 16,600 decrease

Accounts Payable 9,500 increase

Required - Calculate the net cash provided by operating activities using the indirect method.

Reference no: EM132793824

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