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How much cash was provided by operating activities

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Question - Berkshire Holdings had net income of $900,000 for the year ending 12/31/2022. Depreciation expense for 2022 is $110,000. During the year, accounts receivable and inventory increased by $60,000 and $160,000, respectively. Prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How much cash was provided by operating activities in 2022?

Reference no: EM133027293

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