Question: Hogan Company had the following account balances for 2021: Accounts receivable Accounts payable Prepaid insurance Multiple Choice Hogan reported net income of $380,000 for

Hogan Company had the following account balances for 2021: Accounts receivable Accounts payable Prepaid insurance Multiple Choice Hogan reported net income of $380,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows? $389,500. $354,500. $362,500. Dec. 31 $44,000 61,000 19,000 $372,500. Jan. 1 $36,000 52,000 10,500

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