The net cash provided by operating activities is??

The answer is $288,000 + $48,000 + ($320,000 + $64,000 $304,000) $144,000 + $96,000 + $80,000 $40,000 = $408,000.

How did they come up with the 64000??

Dep. expence?

Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2019 and 2018 are provided below. BALANCE SHEETS 12/31/19 $408,000 360,000 384,000 12/31/18 $ 192,000 Cash Accounts receivable 216,000 480,000 Inventory Property, plant and equipment Less accumulated depreciation $608,000 (320,000) $960,000 (304,000) 288,000 $1.440.000 656,000 $1.544,000 Accounts payable Income taxes payable Bonds payable Common stock 176,000 352,000 360,000 216,000 336,000 $1.440,000 96,000 392,000 600,000 216,000 240,000 $1.544,000 Retained earnings INCOME STATEMENT For the Year Ended December 31, 2019 Sales revenue $8,400,000 7.152,000 1,248,000 Cost of sales Gross profit Selling expenses Administrative expenses| Income from operations Interest expense Income before taxes $600,000 192.000 792.000 456,000 72.000 384,000 96,000 288.000 Income taxes Net income The following additional data were provided: 1. Dividends for the year 2019 were $192,000. 2. During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. The loss on sale was incorrectly charged to cost of sales 3. All depreciation expense is in the selling expense category