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What is the amount of cash provided by operating activities

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Reference no: EM132806912

Concord Corporation reported net income of $59000 for the year ended December 31, 2021 Included in net income were depreciation expense of $8700 and a gain on sale of equipment of $1700. Each of the following accounts increased during 2021:

Accounts receivable                $2400
Inventory                             $4500
Prepaid rent                        $6800
Available-for-sale securities   $1500
Accounts payable                $5200

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

Reference no: EM132806912

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