Pronghorn Photography reported net income of $112,000 for 2022. Included in the income statement were depreciation expense of $7,500, patent amortization expense of $5,200, and a gain on disposal of plant assets of $3,800. Pronghorn Photography's comparative balance sheets show the following balances. 12/31/22 12/31/21 Accounts receivable $23,400 $29,400 Accounts payable 10,300 7,200 Calculate net cash provided by operating activities for Pronghorn Photography. (Show amounts that decrease cash flow with either a- sign eg. -15,000 or in parenthesis eg (15,000).) Dronahorn Dhotooranhy 12:39 PM 4/25/2020 PrtSc Insert Delete F6 F7 F8 F9 F10 F11 F12 & C ) Backspace Num Lock U P } 7 Home
Pronghorn Photography reported net income of $112,000 for 2022. Included in the income statement were depreciation expense of $7,500, patent amortization expense of $5,200, and a gain on disposal of plant assets of $3,800. Pronghorn Photography's comparative balance sheets show the following balances. 12/31/22 12/31/21 Accounts receivable $23,400 $29,400 Accounts payable 10,300 7,200 Calculate net cash provided by operating activities for Pronghorn Photography. (Show amounts that decrease cash flow with either a- sign eg. -15,000 or in parenthesis eg (15,000).) Dronahorn Dhotooranhy 12:39 PM 4/25/2020 PrtSc Insert Delete F6 F7 F8 F9 F10 F11 F12 & C ) Backspace Num Lock U P } 7 Home
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Pronghorn Photography reported net income of $112,000 for 2022. Included in the income statement were depreciation expense of $7,500, patent
amortization expense of $5,200, and a gain on disposal of plant assets of $3,800. Pronghorn Photography's comparative balance sheets show the
following balances.
12/31/22
12/31/21
Accounts receivable
$23,400
$29,400
Accounts payable
10,300
7,200
Calculate net cash provided by operating activities for Pronghorn Photography. (Show amounts that decrease cash flow with either a- sign eg. -15,000
or in parenthesis eg (15,000).)
Dronahorn Dhotooranhy
12:39 PM
4/25/2020
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F6
F7
F8
F9
F10
F11
F12
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C
)
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U
P
}
7
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