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What is the amount of cash provided by operating activities

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Question

Bonita Industries reported net income of $58000 for the year ended December 31, 2018 Included in net income were depreciation expense of $8000 and a gain on sale of equipment of $2200. Each of the following accounts increased during 2018:

Accounts receivable $2200

Inventory $4600

Prepaid rent $6800

Available-for-sale securities $1100

Accounts payable $5000

What is the amount of cash provided by operating activities for Bonita Industries for the year ended December 31, 2018?

Reference no: EM132326256

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