Determine the net cash flow

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Reference no: EM131082827

The drawbridge corporation had a net income of $100,000 for 20X2. Its income statement reflected depreciation of $50,000 and amortization expense of $10,000. Accounts receivable increased by 100,000 during 20X2 while accounts payable declined by 5,000. The mortgage payments for 20X2 totaled $75,000, which $40,000 was interest expense. Dividends of $30,000 were paid during 20X2 while 35,000 of dividends during 20X2? Determine the net cash flow for 20X2 shows all work. Answer must be in a cash flow statement

Reference no: EM131082827

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