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24. Zook Incorporated, had net income for 2018 of $5,400,000. Additional information is as follows Amortization of patents Depreciation Long-term debt: Bond premium amortization Interest
24. Zook Incorporated, had net income for 2018 of $5,400,000. Additional information is as follows Amortization of patents Depreciation Long-term debt: Bond premium amortization Interest paid Provision for doubtful accounts: 45,000 1,650,000 on plant assets 65,000 900,000 80,000 30,000 Current receivables Long-term nontrade receivables What should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2018, based solely on the above information? A) $7,220,000. B) $7,270,000. C) $7,140,000 D) $7,240,000
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