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Do It! Review 12-02a Your answer is partially correct. Try again. Carla Vista Photography reported net income of $104,000 for 2022. Included in the income
Do It! Review 12-02a Your answer is partially correct. Try again. Carla Vista Photography reported net income of $104,000 for 2022. Included in the income statement were depreciation expense of $6,700, patent amortization expense of $4,400, and a gain on disposal of plant assets of $3,000. Carla Vista Photography's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $21,800 9,500 12/31/21 $27,800 6,400 Calculate net cash provided by operating activities for Carla Vista Photography. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Carla Vista Photography Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 104000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 6700 Patent Amortization Expense 4400 X POSTO Gain on Disposal of Plant Assets 3000 X Decrease in Accounts Receivable 6400 Increase in Accounts Payable 3100 X Net Cash Provided by Operating Activities Click if you would like to Show Work for this question: Open Show Work
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