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Blue Spruce Photography reported net income of $92,000 for 2022. Included in the income statement were depreciation expense of $5,500, patent amortization expense of $3,200, and a gain on disposal of plant assets of $1,800. Blue Spruce Photography's comparative balance sheets show the following balances.     12/31/22   12/31/21 Accounts receivable   $19,400   $25,400 Accounts payable   8,400   5,200 Calculate net cash provided by operating activities for Blue Spruce Photography

Blue Spruce Photography reported net income of $92,000 for 2022. Included in the income statement were depreciation expense of $5,500, patent amortization expense of $3,200, and a gain on disposal of plant assets of $1,800. Blue Spruce Photography's comparative balance sheets show the following balances.     12/31/22   12/31/21 Accounts receivable   $19,400   $25,400 Accounts payable   8,400   5,200 Calculate net cash provided by operating activities for Blue Spruce Photography

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blue Spruce Photography reported net income of $92,000 for 2022. Included in the income statement were depreciation expense of $5,500, patent amortization expense of $3,200, and a gain on disposal of plant assets of $1,800. Blue Spruce Photography's comparative balance sheets show the following balances.

   
12/31/22
  
12/31/21
Accounts receivable
  
$19,400
  
$25,400
Accounts payable
  
8,400
  
5,200


Calculate net cash provided by operating activities for Blue Spruce Photography. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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