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5. Norred Company's net income last year was $53,000. Changes in selected balance sheet accounts for the year appear below: Debit balances: Accounts receivable Inventory
5. Norred Company's net income last year was $53,000. Changes in selected balance sheet accounts for the year appear below: Debit balances: Accounts receivable Inventory Prepaid expenses Credit balances: Accumulated depreciation. Accounts payable Accrued liabilities Taxes payable Deferred taxes Increases (Decreases) $ 12,000 (14,000) (3,000) 26,000 35,000 (4,000) 17,000 0 Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be: 5. Norred Company's net income last year was $53,000. Changes in selected balance sheet accounts for the year appear below: Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be
5. Norred Company's net income last year was $53,000. Changes in selected balance sheet accounts for the year appear below: Debit balances: Accounts receivable Inventory Prepaid expenses Credit balances: Accumulated depreciation. Accounts payable Accrued liabilities Taxes payable Deferred taxes Increases (Decreases) $ 12,000 (14,000) (3,000) 26,000 35,000 (4,000) 17,000 0 Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be:
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