Wise Photography reported net income of $130,000 for 2017. Included in the income statement were depreciation expense of $6,000, amortization expense of $2,000, and a gain on disposal of equipment of $3,600. Wises comparative balance sheets show the following balances. Classify transactions by type of cash flow activity.

12/31/16 12/31/17

Accounts receivable $27,000 $21,000

Accounts payable 6,000 9,200

Wise Photography reported net income of $130,000 for 2017. Included in the income statement were depreciation expense of $6,000, amortization expense of $2,000, and a gain on disposal of equipment of $3,600. Wises comparative balance sheets show the following balances. Classify transactions by type of cash flow activity.

12/31/16 12/31/17

Accounts receivable $27,000 $21,000

Accounts payable 6,000 9,200

Calculate net cash provided by operating activities for Wise Phottography. Calculate net cash provided by operating activities for Wise Photography.