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4. Wise Photography reported net income of $130,000 for 2017. Included in the income statement were depreciation expense of $6,000, amortization expense of $2,000,
4. Wise Photography reported net income of $130,000 for 2017. Included in the income statement were depreciation expense of $6,000, amortization expense of $2,000, and a gain on disposal of equipment of $3,600. Wise's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/16 $27,000 6,000 12/31/17 $21,000 9,200 Calculate net cash provided by operating activities for Wise Photography.
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