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Cain company reports net cash provided by operating activities of $33,000. It also reports the following information under adjustments to reconcile net income to net
Cain company reports net cash provided by operating activities of $33,000. It also reports the following information under "adjustments to reconcile net income to net cash provided by operating activities" on it's statement of cash flows (using the indirect method)
Gain on sale of equipment $9,200
Increase in accounts receivable $3,600
Depreciation expense $6,200
Decrease in inventory $5,200
Increase in prepaid expenses $3,200
Decrease in wages payable $2,200
Net income?
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