Net income was $66,300; accounts receivable decreased by $16,500; inventory incr

Question

Net income was $66,300; accounts receivable decreased by $16,500; inventory increased by $7,500; proceeds from the issuance of long-term debt were $21,600; accounts payable decreased by $5,600; equipment purchases were $71,000; depreciation and amortization expense was $28,400. (Amounts to be deducted should be indicated with a minus sign.) Required: Calculate the net cash provided (used) by operating activities for the period.

What I have so far...

Net Income 66,300

Depreciation and amortization expense 28,400

Accounts receivable decreased 16,500

Inventory Increase -7,500

Accounts payable decrease -5,600

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Net cash provided by operating activities

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Particulars Amount Total Amount Income                     66,300.00 Depreciation and amortisation                     28,400.00 Decrease in AR                     16,500.00 Increase in inventory                     (7,500.00) Decrease in AP                     (5,600.00) Cash flow from operating activities              98,100.00 Note proceeds from the issuance of long-term debt   Financing activity equipment purchases Investing activity

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