Question - Hysing, Corp. had the following information available for 2016: Please show calculations
|
Net income
|
$2,000
|
|
Depreciation expense
|
800
|
|
Cash used purchasing equipment during 2016
|
1,500
|
|
Accounts receivable at 12/31/15
|
750
|
|
Accounts receivable at 12/31/16
|
850
|
|
Accounts payable at 12/31/15
|
900
|
|
Accounts payable at 12/31/16
|
975
|
|
Cash received from issuing stock during 2016
|
3,000
|
|
Cash used repaying money borrowed from bank during 2016
|
650
|
Hysing had no current assets or current liabilities other than those listed above and no other non-cash expenses. What is Hysing's operating cash flow for 2016?
a. $2,975
b. $2,775
c. $1,275
d. $2,325
e. None of the above.