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Angel Heating Co reported $31,000 of net income. The company uses the visual inspection method to...

Angel Heating Co reported $31,000 of net income. The company uses the visual inspection method to complete the statement of cash flows.
Additional information is listed below:
Account Change
Prepaid assets $500 increase
Inventory 850 decrease
Accounts payable 420 decrease
Dividends payable 100 increase ​

The net cash provided by operating activities was
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Answer #1

Answer : Cash provided by operating activities are $30930

Calculated as

Dividend is a financing activity items so not considered here it will be reported in financing activity section

Statement of Cash Flow (Partial)
Cash flow from Operating Activities
Net Income $ 31,000
Adjustment to reconcile net income to Cash flow from operating
Increase in prepaid expenses $      (500)
Decrease in Inventory $        850
Decrease in Accounts Payable $      (420)
Net Cash Provided by Operating activities $ 30,930

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