Gant Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of

Question:

Gant Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of $47,000. Amortization expense was $8,000. Gant purchased new equipment during the year for $50,000. Show how this information would be used to determine net cash provided by operating activities.