Novak Photography reported net income of $95,000 for 2022. Included in the income statement were depreciation expense of $5,800, patent amortization expense of $3,500, and a gain on disposal of plant assets of $2,100. Novak Photography's comparative balance sheets show the following balances:
12/31/22 12/31/21
Accounts receivable $22,400 $28,400
Accounts payable 9,800 6,700
Calculate net cash provided by operating activities for Teal Mountain Photography.
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Novak Photography reported net income of $95,000 for 2022. Included in the income statement were dep...
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