Hendrickson Corporation reported net income of $50,000 in 2019. Depreciation expense was $17,000. The following working capital

Question:

Hendrickson reported net income of $50,000 in 2019. Depreciation expense was $17,000. The following working capital accounts changed.
Accounts receivable....................................$11,000 increase
Non-trading equity investment.........................16,000 increase
Inventory....................................................7,400 increase
Non-trade note payable.................................15,000 decrease
Accounts payable.........................................12,300 increase
Compute net cash provided by operating activities.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...