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Net income was $61,300; accounts receivable decreased by $15,500; inventory increased by $7,700; proceeds from the issuance of long-term debt were $20,150; accounts payable decreased
Net income was $61,300; accounts receivable decreased by $15,500; inventory increased by $7,700; proceeds from the issuance of long-term debt were $20,150; accounts payable decreased by $5,300; equipment purchases were $66,500; depreciation and amortization expense was $26,600. (Amounts to be deducted should be indicated with a minus sign.)
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