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Calculate net cash provided by operating activities

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Question - RL Photography reported net income of $150,700 for 2014. Included in the income statement were depreciation expense of $9,494, patent amortization expense of $6,028, and a gain on disposal of plant assets of $5,425. RL's comparative balance sheets show the following balances.

12/31/14 12/31/13

Accounts receivable $31,647 $40,689

Accounts payable 13,864 9,042

Calculate net cash provided by operating activities for RL Photography.

Reference no: EM131599148

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