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Drawbridge corporation had a net income of $100,000 for 20X2. its income statement reflected depreciation of $50,000 and amortization expense of $10,000. Accounts receivable increased
Drawbridge corporation had a net income of $100,000 for 20X2. its income statement reflected depreciation of $50,000 and amortization expense of $10,000. Accounts receivable increased by 100,000 during 20X2 while accounts payble declined by 5,000. The mortgage payments for 20X2 totaled $75,000, which $40,000 was interest expense. Dividends of $30,000 were paid during 20X2 while 35,000 of dividends during 20X2? Determine the net cash flow for 20X2 show all work . Answer must be in a cash flow statement
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