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1-3-1 The net income reported on the income statement of Kingbird, Inc. for the current year was $1550000. Depreciation recorded on plant assets was $293000.
1-3-1
The net income reported on the income statement of Kingbird, Inc. for the current year was $1550000. Depreciation recorded on plant assets was $293000. Accounts receivable and inventories increased by $82000 and $55000, respectively. Prepaid expenses and accounts payable decreased by $7000 and $75000, respectively. How much cash was provided by operating activities during the year?
| $1573000. |
| $1638000. |
| $1710000. |
| $2048000. |
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