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What is amount of net cash provided by operating activities

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Reference no: EM133159183

Question - Hogan Company had the following account balances for 2021:

 

Dec. 31

Jan. 1

Accounts receivable

$44,000

$35,000

Accounts payable

60,000

55,000

Prepaid insurance

15,000

10,000

Hogan reported net income of $300,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows?

Reference no: EM133159183

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