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During 2021, Orton Company earned net income of $494,000 which included depreciation expense of $51,000. In addition, the company experienced the following changes in the
During 2021, Orton Company earned net income of $494,000 which included depreciation expense of $51,000. In addition, the company experienced the following changes in the account balances listed below:
Increases Decreases
Accounts payable $45,000 Accounts receivable $12,000
Inventory 36,000 Accrued liabilities 24,000
Prepaid insurance 33,000
Based upon this information what amount will be shown for net cash provided by operating activities for 2021?
$602,000 | ||
$575,000 | ||
$395,000 | ||
$377,000 |
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