Reference no: EM131264508
Judy Company worksheet for the preparation of its 2016 statement of cash flows included the following:
2016 December 31 January 1
Accumulated depreciation1 $124,000 $96,000
Accounts receivable 41,650 44,600
Allowance for uncollectible accounts 1,110 878
Prepaid rent expense 12,225 15,575
Accounts payable 37,187 29,950
Note #1: Assume that the only transactions affecting the increase in accumulated depreciation for 2016 was the recording of the annual depreciation expense.
Judy’s 2016 net income is $325,500.
What amount should Judy include as net cash provided by operating activities in the statement of cash flows for 2016?
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