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I dont understand how to properly calculator requirements number two. Save Homework: Module 1 Problem Set Score: 2.5 of 10 pts % FAM16-A4 (similar to)

image text in transcribedI dont understand how to properly calculator requirements number two.

Save Homework: Module 1 Problem Set Score: 2.5 of 10 pts % FAM16-A4 (similar to) 5 of 7 (4 complete) HW Score: 34.44%, 20.66 of 60 pt :3 Question Help Misona Snowmobiles, Inc. had sales of $904,000, all received in cash. Total operating expenses were $660,000. All except depreciation were paid in cash. Depreciation of $55,000 was included in the $660,000 of operating expenses. Ignore income taxes. Requirements 1. Compute net income and net cash provided by operating activities. 2. Assume that depreciation is tripled. Compute net income and net cash provided by operating activities. Requirements 1 and 2. Begin by computing net income and net cash provided by operating activities (requirement 1), and then compute net income and net cash provided by operating activities assuming that depreciation is tripled (requirement 2). (Use a minus sign or parentheses for a loss.) Net income (loss) Requirement 1 244,000 $ 299,000 Requirement 2 244,000 409,000 Net cash from operating activities

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