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Compute net cash provided by operating activities

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Reference no: EM132901145

Cash Flow Statement-Operating Activities

PJ Masks Ltd uses the indirect method for preparing its statement of cash flows. It reported a net income of $100,000 for the year 2017.

During the year 2016, the working capital accounts were changed as follows:

Increase in accounts receivable: $22,000

Increase in accounts payable: $18,600

Increase in inventory: $14,800

Decrease in non-trade notes payable: $30,000

Increase in available for sale securities: $32,000

The depreciation expense was $34,000 for the year 2017.

Required:

Problem 1: Compute net cash provided (used) by operating activities using the indirect method.

Reference no: EM132901145

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