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Your answer is partially correct Novak Photography reported net income of $95,000 for 2022. Included in the income statement were depreciation expense of $5.800. patent

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Your answer is partially correct Novak Photography reported net income of $95,000 for 2022. Included in the income statement were depreciation expense of $5.800. patent amortization expense of $3,500, and a gain on disposal of plant assets of $2,100. Novak Photography's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/22 $20,000 8,700 12/31/21 $26,000 5,500 Calculate net cash provided by operating activities for Novak Photography (Show amounts that decrease cash flow with either o-sign eg. -15,000 or in parenthesis es (15,0001) Novak Photography Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 95000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 5800 Patent Amortization Expense 3500 Patent Amortization Expense 3500 Gain on Disposal of Plant Assets 8100 Decrease in Accounts Receivable 6000 Increase in Accounts Receivable 2200 3200 Net Cash Provided by Operating Activities 115600

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