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Wise Photography reported net income of $116,900 for 2020. Included in the income statement were depreciation expense of $4,000 amortization expense of $3,100, and
Wise Photography reported net income of $116,900 for 2020. Included in the income statement were depreciation expense of $4,000 amortization expense of $3,100, and a gain on disposal of plant assets of $4,000. Wise's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts receivable $27,900 $21,600 Accounts payable 6,400 9,400 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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