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What is the amount of cash provided by operating activities

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Reference no: EM132708873

Jarvis, Inc. reported net income of 34,000 for the year ended December 31, 2021 Included in net income were depreciation expense of 8,400 and a gain on sale of equipment of 1,700. Each of the following accounts increased during 2021:

Accounts receivable 2,200

Inventory 4,500

Prepaid rent 6,800

Available-for-sale investment 1,000

Accounts payable 5,000

Problem 1: What is the amount of cash provided by operating activities for Jarvis, Inc. for the year ended December 31, 2021?

a. 31,200

b. 33,900

c. 22,200

d. 32,200

Reference no: EM132708873

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