Question
For the year ended Dec 31, 2018, Omni Company reported net income of $88,650; depreciation expense increased of $13,200, and recognized $9,600 loss on disposal
For the year ended Dec 31, 2018, Omni Company reported net income of $88,650; depreciation expense increased of $13,200, and recognized $9,600 loss on disposal of equipment. (Filling amount is 2points each; filing account is 1 point each) In addition, current operating assets and liabilities from the companys comparative balance sheet were as follows: ______________________________Dec 31, 2018 Dec 31, 2017 Accounts Receivable $6,700 $4,900 Inventory $12,300 $4,500 Accounts Payable $7,700 $5,200 Based upon above information, please generate cash flows from operation activities in 2018.
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