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Bridgeport Company reported 2017 net income of $86,000. During 2017, accounts receivable decreased by $4,400 and accounts payable increased by $4,500. Depreciation expense was
Bridgeport Company reported 2017 net income of $86,000. During 2017, accounts receivable decreased by $4,400 and accounts payable increased by $4,500. Depreciation expense was $24,100. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash Flows from Operating Activities Net Income BRIDGEPORT COMPANY Cash Flow Statement For the Year Ended December 31, 2017 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Payable Decrease in Accounts Receivable 24100 4500 86000 Net Cash Provided by Operating Activities $
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