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The income statement of Eastwood, Inc., showed net income of $80,000 for 2022. The firm's beginning inventory was $50,000 and its ending inventory was $54,000.
The income statement of Eastwood, Inc., showed net income of $80,000 for 2022. The firm's beginning inventory was $50,000 and its ending inventory was $54,000. Accounts payable were $44,000 on January 1 and $39,000 on December 31. Required: Compute the net cash provided by the firm's operating activities during the year. (Amounts to be deducted should be indicated by a minus sign.)
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