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Ayayal Corporation's net income for the current year was $479000. Depreciation recorded on plant assets was $45000 and amortization expense was $71000. Accounts receivable and
Ayayal Corporation's net income for the current year was $479000. Depreciation recorded on plant assets was $45000 and amortization expense was $71000. Accounts receivable and inventories increased by $38000 and $15000, respectively. Supplies and accounts payable decreased by $2000 and $30000, respectively. The equipment account balance increased by $55,000 and a $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities? $450000 $435000 $514000 $676000
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