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The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $84,400, prepaid expenses increase $28,090, and inventories
The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $84,400, prepaid expenses increase $28,090, and inventories increase $34,460. Compute net cash provided by operating activities using the indirect method assuming that net income is $300,170. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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