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What is Frizz net cash provided by operating activities

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Question - Frizz Hair Salon had net income of $93,000 for the year just ended. Frizz collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable $10,000

Decrease in accounts payable $2,000

Increase in retained earnings $31,000

Cash received from sale of equipment $18,000

Loss on sale of equipment $5,000

Depreciation expense $16,000

Frizz uses the indirect method to prepare its statement of cash flows. What is Frizz's net cash provided (used) by operating activities?

Reference no: EM133128917

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