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Wildhorse Co.'s net income for the current year was $518000. Depreciation was $67000. Accounts receivable and inventories decreased by $22000 and $35000, respectively. Prepaid expenses
Wildhorse Co.'s net income for the current year was $518000. Depreciation was $67000. Accounts receivable and inventories decreased by $22000 and $35000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $17000. Equipment was sold at a gain of $8600. How much cash was provided by operating activities?
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