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Red Rock Company has provided the following information pertaining to its recent year of operation: Net income, $218,000 Accounts receivable increased $21,600 Prepaid insurance decreased
Red Rock Company has provided the following information pertaining to its recent year of operation:
- Net income, $218,000
- Accounts receivable increased $21,600
- Prepaid insurance decreased $7,800
- Depreciation expense was $66,000
- Gain on sale of land, $5,800
- Wages payable decreased $17,600
- Unearned revenue increased $25,600
Using the indirect method, how much was Red Rock's net cash provided by operating activities?
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