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What is the amount of cash provided by operating activities

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Question - Davis, Inc. reported net income of $44,000 for the year ended December 31, 20X1 Included in net income were depreciation expense of $8,400 and a loss on sale of equipment of $1,000. Each of the following accounts increased during 20X1:

Accounts receivable $3,200

Inventory 5,500

Prepaid rent 5,800

Accounts payable 4,000

What is the amount of cash provided by operating activities for Davis, Inc. for the year ended December 31, 20X1 using the indirect method?

Reference no: EM132611288

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