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Metlock, Inc. had net income of $801000 for the year ending 12/31/2022. Depreciation expense for 2022 is $99000. During the year, accounts receivable and inventory
Metlock, Inc. had net income of $801000 for the year ending 12/31/2022. Depreciation expense for 2022 is $99000. During the year, accounts receivable and inventory increased $54000 and $144000, respectively. Prepaid expenses and accounts payable decreased $7200 and $14400, respectively. There was also a loss on the sale of equipment of $10800. How much cash was provided by operating activities in 2022? O $705600. $1015200. $972000. $684000
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