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What is the net cash provided by operating activities

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Reference no: EM132318641

Question

Smithson Corporation had the following selected balance sheet changes for the past? year:

Assets and contra - assets                         I ncrease/(Decrease)

Cash                                                                                      $47,000

Accounts receivable                                                                $13,000

Inventory                                                                               $19,000

Prepaid expenses                                                                   $ (7,300)

Accumulated depreciation                                                        $11,000

Liabilities                                                                      Increase/(Decrease)

Accounts payable                                                                    $25,000

Wages payable                                                                     5 (12,000)

Taxes payable                                                                        $13,000

The? company's operating income during the year was $36,000. What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation? (using the indirect? method)?

Reference no: EM132318641

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