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Assets and contra - ASSETS Increase ! ( Decrease* Cash 547, 000 Accounts receivable $13.000 Inventory $15,000 Prepaid expenses $ 17, 300) Accumulated...

Smithson Corporation had the following selected balance sheet changes for the past​ year:


accountinghw.png


The​ company's operating income during the year was $36,000. What is the net cash provided by operating activities during last year on the statement of cash flows for Smithson Corporation​ (using the indirect​ method)?



A.

$23,000


B.

$13,000


C.

$48,300


D.

$ 108,700

accountinghw.png

Assets and contra - ASSETS
Increase ! ( Decrease*
Cash
547, 000
Accounts receivable
$13.000
Inventory
$15,000
Prepaid expenses
$ 17, 300)
Accumulated depreciation
$1 1,000
Liabilities
Increase ! ! Decrease*
Accounts payable
525, 000
Wages payable
5 / 12.000)
Taxes payable
$13.00 0

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