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Do It! Review 12-2a x Your answer is incorrect. Try again. Sunland Company reported net income of $103,500 for 2019. Included in the income statement
Do It! Review 12-2a x Your answer is incorrect. Try again. Sunland Company reported net income of $103,500 for 2019. Included in the income statement were depreciation expense of $3,700, amortization expense of $3,500, and a gain on disposal of plant assets of $3,800. Sunland's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/18 $27,200 6,200 12/31/19 $21,500 9,600 Calculate net cash provided by operating activities for Sunland Company using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sunland Company Statement of Cash Flows Adjustments to reconcile net income to
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