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LK Photography reported net income of $93,000 for 2022. Included in the income statement were depreciation expense of $6,300, patent amortization expense of $4,200,
LK Photography reported net income of $93,000 for 2022. Included in the income statement were depreciation expense of $6,300, patent amortization expense of $4,200, and a gain on disposal of plant assets of $3,300. LK's comparative balance sheets show the following balances. 12/31/22 12/31/21 Accounts receivable $22,400 $25,900 Accounts payable 9,600 6,100 Calculate net cash provided by operating activities for LK Photography using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) LK Photography Statement of Cash Flows
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