Question: During 2018, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below:
Decreases |
Increases |
Accounts receivable |
$6,000 |
Accounts payable |
$22,500 |
Prepaid expenses |
16,500 |
Inventory |
18,000 |
Accrued liabilities |
12,000 |
|
|
Based upon this information what amount will be shown for net cash provided by operating activities for 2018?