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Hogan Company had the following account balances for 2018: Dec. 31 Jan. 1 Accounts receivable $45,000 $35,500 Accounts payable 64,500 52,000 Prepaid insurance 19,500 9,000

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Hogan Company had the following account balances for 2018: Dec. 31 Jan. 1 Accounts receivable $45,000 $35,500 Accounts payable 64,500 52,000 Prepaid insurance 19,500 9,000 Hogan reported net income of $330,000 for 2018. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2018 reported in the statement of cash flows? Multiple Choice $322,500 $297,500 $307,000 Prepaid insurance 19,500 9,000 Hogan reported net income of $330,000 for 2018. Assuming of net cash provided by operating activities for 2018 reported in the statement of cash flows? no other changes in current account balances, what is the amount Multiple Choice $322,500 $297,500. $307000. $343.500

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