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Current Attempt in Progress Ivanhoe Photography reported net income of $102,000 for 2025. Included in the income statement were depreciation expense of $6,500, patent amortization
Current Attempt in Progress Ivanhoe Photography reported net income of $102,000 for 2025. Included in the income statement were depreciation expense of $6,500, patent amortization expense of $4,200, and a gain on disposal of plant assets of $2,800. Ivanhoe's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/25 $21,400 9,300 12/31/24 $27,400 6,200 Calculate net cash provided by operating activities for Ivanhoe Photography. (Show amounts that decrease cash flow with either a - sign (e.g., -15,000) or in parenthesis (e.g., (15,000).) IVANHOE PHOTOGRAPHY Statement of Cash Flows (Partial) - Indirect Method
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