Fill out the yellow boxes- Thanks-SolutionHi- Please find the detailed.docx
1. Fill out the yellow boxes. Thanks.
Solution
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Please find the detailed answer as follows:
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Cash Flow from Operating Activites
Net Income 18200
Adjustments to Reconcile Net Income
to Net Cash Provided by Operating
Activities
Add Depreciation 36000
Add Decrease in Accounts Receivable 7000
Less Increase in Inventory -5900
Add Increase in Accounts Payable 4700
Less Decrease in Income Taxes Payable -150
Net Cash Used by Operating Activities 59850