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The net income for Carla Vista Co. for 2022 was $350,000. For 2022, depreciation on plant assets was $87,500, and the company incurred a loss
The net income for Carla Vista Co. for 2022 was $350,000. For 2022, depreciation on plant assets was $87,500, and the company incurred a loss on disposal of plant assets of $35,000. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a-signeg -15,000 or in parenthesis e.g. (15,000).) Carla Vista Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 350000 Adjustments to reconcile net income to Net Cash used by Operating Activities Depreciation Expense $ 87500 Loss on Disposal Plant Assets 35000 122500 Net Cash Provided by Operating Activities $ 472500 e Textbook and Media Solution Assistance Used is $350,000. For 2022, depreciation on plant assets was $87,500, and the company incurred a loss on disposal of Cash at Beginning of Period TH Cash at End of Period pl Cash Flows from Financing Activities C Cash Flows from Investing Activities th Cash Flows from Operating Activities ties under the indirect method, assuming there were no other changes in the company's accounts. (Show amount ,000 or in parenthesis e.g. (15,000).) Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities arla Vista Co. Lash Flows-Indirect Method hded December 31, 2022 Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities $ 350000 Net Decrease in Cash Net Increase in Cash Net Cash used by Operating Activities Depreciation Expense $ 87500 Loss on Disposal of Plant Assets 35000 122500 Net Cash Provided by Operating Activities $ 472500 e Textbook and Media
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