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Cain Co. reports net cash provided by operating activities of $34,000. It also reports the following information under Adjustments to reconcile net income to net
Cain Co. reports net cash provided by operating activities of $34,000. It also reports the following information under "Adjustments to reconcile net income to net cash provided by operating activities on its statement of cash flows (using the Indirect methoch. Gain on sale of equipment Increase in accounts receivable Depreciation expense $9,600 Decrease in inventory 3,800 Increase in prepaid expenses 6,600 Decrease in wages payable $5,600 3.600 2,600 Determine Cain's net income Not income
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