Question - Company uses the indirect method to prepare the statement of cash flows. Refer to the following information:
a. Sales Revenue 230,000
b. Interest revenue 5,000
c. Gain on sale of assets 5,000
d. COGS 110,000
e. Payroll Expense 50,000
f. Depreciation Expense 10,000
g. Other Expenses 15,000
Additional information provided by the company includes the following:
1) Current assets, other than cash, increased by $24,000
2) Current liabilities decreased by $1,000
How much is the net cash provided by operating activities?