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Wise Photography reported net income of $113,700 tor 2020. Included in the income statement were depreciation expense of $4,300 amortization expense of $2,900, and a
Wise Photography reported net income of $113,700 tor 2020. Included in the income statement were depreciation expense of $4,300 amortization expense of $2,900, and a gain on disposal of plant assets of $3,800. Wise's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/19 $27,200 6,100 12/31/20 $ 21,900 9,100 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 Adjustments to reconcile net income to
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