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Determine the cash provided by operating activities

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Edgar Inc. reported net income for calendar 2020 of $3,500,000. Additional information follows:

Impairment of goodwill........................................ $30,000

Depreciation on plant assets..............................1,100,000

Long-term debt:..................................................

Bond premium amortized....................................45,000

Interest expense................................................600,000

Bad debts expense.............................................75,000

Question 1: Based on the above information, the cash provided by operating activities (indirect method) for calendar 2020 is

Reference no: EM132597168

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