Jojo Photography reported net income of $100,000 for 2014. Included in the income statement were depreciation expense of $4,000, amortization expense of $3,000, and a gain on disposal of plant assets of $3,900. Jojo's comparative balance sheets show the following balances.
|
|
12/31/13
|
12/31/14
|
|
Accounts receivable
|
$27,000
|
$21,000
|
|
Accounts payable
|
6,000
|
9,200
|
Calculate net cash provided by operating activities for Jojo Photography.