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Sweet Acacia Photography reported net income of $97,000 for 2022. Included in the income statement were depreciation expense of $6,000, patent amortization expense of $3,700,
Sweet Acacia Photography reported net income of $97,000 for 2022. Included in the income statement were depreciation expense of $6,000, patent amortization expense of $3,700, and a gain on disposal of plant assets of $2,300. Sweet Acacia Photography's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $20,400 8,900 12/31/21 S26,400 5,700 Calculate net cash provided by operating activities for Sweet Acacia Photography. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sweet Acacia Photography Statement of Cash Flows Adjustments to reconcile net income to
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