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Sage Corporation reported net income of $50,800 in 2017. Depreciation expense was $18,400. The following working capital accounts changed. Accounts receivable Available-for-sale debt securities Inventory
Sage Corporation reported net income of $50,800 in 2017. Depreciation expense was $18,400. The following working capital accounts changed. Accounts receivable Available-for-sale debt securities Inventory Nontrade note payable Accounts payable $12,100 increase 14,400 increase 8,000 increase 14,500 decrease 12,600 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sage Corporation Statement of Cash Flows (Partial) Adjustments to reconcile net income to Click if you would like to show Work for this question: Open Show Work
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