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View Policies Current Attempt in Progress Wise Photography reported net income of $118,000 for 2020. Included in the income statement were depreciation expense of
View Policies Current Attempt in Progress Wise Photography reported net income of $118,000 for 2020. Included in the income statement were depreciation expense of $4,500 amortization expense of $3,000, and a gain on disposal of plant assets of $3,700. Wise's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts receivable $27,000 $21,200 Accounts payable 6,200 9.000 Calculate net cash provided by operating activities for Wise Photography. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Wise Photography Statement of Cash Flows For the Month Ended December 31, 2020 $
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