Question

The flowing data relates to Laurier le for the year. Some amounts may be rezbie A nezdve net incore means a loss. A positive (negative) change in aeter lablity account means the asset or liability account increased (decreased) COM lez during the years Nethcome 6500 Depreciation expense 1000 2 Dividends pard 10000 Change in accounts receivable 2000 Olenge in inventory -3000 Charge the accounts payable-9500 Purbase di essment 18000 There were no other changes in current assets or liabilities. Calculate operating cach Bouter the year. Not all of the amounts provided should be used in your Koldon. Some testa ze stations You kome

Answer 1

Answer---------------$57,500

Working

Statement of Cash Flows (Partial)
Cash flows from operating activities:
Net income		$         65,000
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation expense	$         1,000
Incease in accounts receivables	$        (2,000)
Decrease in inventory	$         3,000
Decrease in accounts payable	$        (9,500)
		$          (7,500)
Net cash from Operating Activities		$         57,500