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Marigold Corp. had net income of $694200 for the year ending 12/31/2022. Depreciation expense for 2022 is $85800. During the year, accounts receivable and
Marigold Corp. had net income of $694200 for the year ending 12/31/2022. Depreciation expense for 2022 is $85800. During the year, accounts receivable and inventory increased $46800 and $124800, respectively. Prepaid expenses and accounts payable decreased $6240 and $12480, respectively. There was also a loss on the sale of equipment of $9360. How much cash was provided by operating activities in 2022? $611520. $879840. $592800. $842400.
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