i Chrome File Edit View History Bookmarks People Window Help ). @ Tue 8:46 PM Q.

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i Chrome File Edit View History Bookmarks People Window Help ). @ Tue 8:46 PM Q.E Delaware County Community delaGATE - Delaware County C x 12X DUE 3/21/18 xWileyPLUS CSecure https://edugen.wileyplus.com/edugen/iti/main.uni 46 PM Kimmel, Accounting, 6e Help I System Announcements Grace Period: 11 days left | Register Now CALCULATOR PRINTER VERSION BACK NEXT 15 PM PK Photography reported net income of100,000 for 2017. Included in the income statement were depreciation expense o $6,300, patent amortization expense of $4,000, and a gain on disposal of plant assets of $3,600. PK Photography's comparative balance sheets show the following balances. ASSIGNMENT RESOURCES 12X 12/31/17 12/31/16 36 PM Accounts receivable Accounts payable Calculate net cash provided (used) by operating activities for PK Photography. (Show amounts that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis $21,000 9,200 $27,000 6,000 33 PM e.g. (15,000).) Qbiective Statement of Cash Flows 36 PM 54 PM Adjustments to reconcile net income to 32 PM 36 PIM 24 PM 16 AM Click if you would like to Show Work for this question: Open Show Work 20

Explanation / Answer

Statement of cash flow for the year ending 12/31/17 Cash from operating activities Net income for the year 100,000 Adjustments to reconcile net income to cash provided by operating activities Depreciation expense 6,300 Amortization expense 4,000 Gain on disposal of plant assets -3,600 decrease in accounts receivable 6,000 increase in accounts payable 3200 15,900 Net cash provided by operating activities 115,900

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