The March accounting records of Jackson & Associates include these accounts:

Requirement
Compute Jackson & Associates€™ net cash provided by operating activities during March. Use the indirect method.€ƒ

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Cash 5,000 Payments 4,000 Accounts Receivable Mar 1 Receipts Mar 31 448,000 Mar 1 18,000 Collections 447,000 Sales Mar 31 447,000 443,000 14,000 Invento 19,000 Cost of goods sold 335,000 Payments 21,000 Accounts Payable Mar 1 Purchases Mar 31 14,000 337,000 19,000 332,000 Mar 1 Purchases Mar 3 337,000 Accumulated Depreciation Retained Earnings Mar 1 Depreciation Mar 31 64,000 69,000 115,000 52,000 Dividends 18,000 Mar 1 3,000 55,000 Net income Mar 31