The accounting records of Wilderness Fur Traders include these accounts:

Requirement
1. Compute Wilderness net cash provided by (used for) operating activities during May. Use the indirect method. Does Wilderness have trouble collecting receivables or selling inventory?
How can youtell?

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Cash Accounts Receivable Inventory May1 90,000 Receipts 440.000 Payments 445,000 Receipts 540,000 Collections 440.000 Purchases 438,000 Cost of sales 336,000 May 31 85,000 May 1 May 1 3,000 105,000 T Accounts Payable 1,000 May 3 101,000 May 31 Equipment Accumulated Deprec.-Equipment May 1 185,000 Acquisition S,000 May 31 190,000 May 1 55,000 Depreciation 5,000 Payments 327,000 Purchases 438,000 May 31 60,000 May 1 14,500 May 31 125,500 Accrued Liabilities Retained Earnings May 1 19,000 Quarterly May 63,000 Payments 32,000 Receipts 26.000 Dividend 16,000 Net Income 20,000 May 31 67,000 May 31 13,000