Question 13 Sheffield Company reported net income of $60000 for the year. During the year, accounts receivable decreased by $7500, accounts payable increased by $4000 and depreciation expense of $5000 was recorded. Net cash provided by operating activities for the year is $40500. O $58500. $55000 $76500 Question 14 Swifty Company, has the following account balances at December 31, 2020 Notes payable ($61,000 due after 12/31/21) Unearned service revenue Other long-term debt ($91,000 due in 2021) Salaries and wages payable Accounts payable $100,500 70,500 183,500 32,500 64,500 In addition, Swifty is involved in a lawsuit. Legal counsel feels it is probable Prepare the current liabilities section of Swifty's December 31, 2020, balance SWIFTY COMPANY Balance Sheet (Partial) tA Ey Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John