assignment/takeAssignmentMain.do?invokeragitakassignmer Session.citor &inprogress-false eBook Show Me How Calculator II Print Item Adjusting Net Income for Changes in Current Assets and current Liabilios Lloyd Company reported net income of $25,000 for 20-2 The December 31 bulances of the current assets and current liabilities are shown below. 20-1 $3,000 30,000 20-2 Accounts Receivable $4,900 Merchandise Inventory 25,000 Accounts Payable 16,000 Wages Payable 6,100 Compute cash provided by operating activities 22,100 x 18,000 12.000 Feedback Check My Work Cash provided by operating activities is calculated using netcom.conceshem, and the changes in current assets and liabilities Determine the difference in each causes cash to increase or decrease Add the changes to net income to determina cast provided by operating activities of operating cash flow Check My Work eBook Show Me How Calculator Print Item Adjusting Net Income for Changes in Current Assets and Current Liabilities Lloyd Company reported netcome of $25,000 for 20-2. The December 31 balances of the current assets and current liabilities are shown below. 20-2 20-1 Accounts Receivable $4,900 $3,000 Merchandise Twentory 25,000 30,000 Accounts Payable 16,000 18,000 Wages Payable 8,100 12,000 Computeasly provided by operating activities. 22,400 X edback .ched y Won Cash provided by operating action is calculated using the income, noncash items, and the changes incurrent assets and Babies Determine the difference in each account and whether the change causes cash to increase or decrease Add the changes to net income to determine cash provided by opening activities, or operating cash flow Previous Next Chock My Work All work saved Save and Exit Submit Assignment for Grading ! is 9 E 9:38 PM 6/29/2020 O