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Fitzgerald Company had net income of $854,400 for the year ending 12/31/2022. Depreciation expense for 2022 is $105,600. During the year, accounts receivable and inventory
Fitzgerald Company had net income of $854,400 for the year ending 12/31/2022. Depreciation expense for 2022 is $105,600. During the year, accounts receivable and inventory increased $57,600 and $153,600, respectively. Prepaid expenses and accounts payable decreased $7,680 and $15,360, respectively. There was also a loss on the sale of equipment of $11,520. How much cash was provided by operating activities in 2022? Patterson, Inc. reported net income of $247,000 for the year. During the year, accounts receivable increased by $18,000, accounts payable decreased by $8,000 and depreciation expense of $38,000 was recorded. Net cash provided by operating activities for the year is
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