Question - Amazing Glory, Inc. recognized a net income of $95,000 including $20,500 in depreciation expense.
Additional changes from the balance sheet are as follows.
Accounts Receivable $800 decrease
Prepaid Expenses $14,000 decrease
Inventory $25,000 increase
Accrued Liabilities $6,500 decrease
Accounts Payable $12,000 increase
Compute the net cash from operating activities based on the above information.
$79,000
$50,700
$110,800
$132,000