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The income statement for Thomas Inc. appears below: Revenue $156,000 Cost of goods sold 50,000 Depreciation expense 38.000 Other operating expenses 8,000 18,000 Income tax
The income statement for Thomas Inc. appears below: Revenue $156,000 Cost of goods sold 50,000 Depreciation expense 38.000 Other operating expenses 8,000 18,000 Income tax expense Net income $42,000 During the year, Thomas Inc.'s cash increased by $4,200, accounts receivable increased by $1,400, inventory decreased by $4,560, and accounts payable increased by $400. How much is the company's cash from operations? $59,000 $60,000 $83,560 $42,000
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