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The net income for Sage Hill Co. for 2025 was $420,000. For 2025 , depreciation on plant assets was $105,000, and the company incurred a
The net income for Sage Hill Co. for 2025 was $420,000. For 2025 , depreciation on plant assets was $105,000, and the company incurred a loss on disposal of plant assets of $42,000. 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-sign e.g. 15,000 or in parenthesis e.g. (15,000).) The comparative balance sheets for Indigo Company show these changes in noncash current asset accounts: accounts receivable decreased $78,000, prepaid expenses increased $26,000, and inventories increased $38,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $196,000. (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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