Muniz Photography reported net income of R$100,000 for 2014. Included in the income statement were depreciation expense

Question:

Muniz Photography reported net income of R$100,000 for 2014. Included in the income statement were depreciation expense of R$4,000, amortization expense of R$3,000, and a gain on disposal of plant assets of R$3,900. Muniz€™s comparative statements of financial position are shown on the following page.

12/31/13 12/31/14 Accounts receivable Accounts payable R$27,000 R$21,000 9,200 6,000 Calculate net cash provided by operating activities for Muniz Photography.