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3 A company reports net income of $56,900, which included depreciation expense of $46,800; amortization expense of $25,600; and a loss from sale of
3 A company reports net income of $56,900, which included depreciation expense of $46,800; amortization expense of $25,600; and a loss from sale of equipment of $15,800. Its comparative balance sheet shows the following changes: accounts receivable increased $35,600; inventory decreased $15,800; prepaid insurance decreased $10,800; and accounts payable increased $15,300. Compute net cash provided by operating activities using the indirect method. Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current assets and liabilities $ 0
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