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Honda, Inc. had the following transactions in March 2024: Purchased inventory on account for $250,000. Sold goods costing $100,000 for $220,000 on account. Paid $80,000

Honda, Inc. had the following transactions in March 2024:

  • Purchased inventory on account for $250,000.
  • Sold goods costing $100,000 for $220,000 on account.
  • Paid $80,000 to suppliers.
  • Collected $90,000 from customers.
  • Paid $50,000 in wages and salaries.

Calculate the net cash provided by operating activities for Honda, Inc. for March 2024.

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