Wise Photography reported net income of $130,000 for 2020. Included in the income statement were depreciation expense of $6,000, amortization expense of $2,000, and a gain on disposal of plant assets of $3,600. Wise’s comparative balance sheets show the following balances.

Calculate net cash provided by operating activities for Wise Photography.

Transcribed Image Text:

12/31/19 12/31/20 Accounts receivable Accounts payable $27,000 $21,000 6,000 9,200