Macgregor company completed its first year of operations on December 31, 2017 its initial income statement show that McGregor had revenues of $197,800 and operating expenses of $85,700 accounts receivable and accounts payable at year end were $67,900 and $22,300 respectively. assume that accounts payable related to operating expenses ignore income taxes.

Compute net cash provided by operating activities using the direct method.

Net cash provided by operating activities:

Exercise 17-10 Macgregor Company completed its first year of operations on December 31, 201 expenses of $8s,700. Accounts receivable and accounts payable at year-end we expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method. Net cash provided by operating activities