Jojo Photography reported net income of $100,000 for 2014. Included in the income statement were depreciation expense of $4,000, amortization expense of $3,000, and a gain on disposal of plant assets of $3,900. Jojos comparative balance sheets show the following balances. Calculate net cash provided by operating activities for JojoPhotography. 123113 12/31/14 Accounts receivable $27,000 $21,000 9,200 Accounts payable 6,000

Chapter 13, DO IT! Review #2

Jojo Photography reported net income of $100,000 for 2014. Included in the income statement were depreciation expense of $4,000, amortization expense of $3,000, and a gain on disposal of plant assets of $3,900. Jojo€™s comparative balance sheets show the following balances.