Question: Based on the indirect method, determine the net cash provided by operating activities during the year. T Initial Post Fictitious information is provided below. Answer

Based on the indirect method, determine the net cash provided by operating activities during the year. T Initial Post Fictitious information is provided below. Answer both required questions. "Be sure to show your work in detail. Not doing so will result in reduced or ne credit given. For the year recently completed, TeamLogicIT had net income of $35,000, Balances in the company's current asset and current liability aceounting for the beginning and ending of the year were as follows: Also, the accumulated depreciation account had total credits of $20,000 during the year. TeamLogicIT did not record any gains ar loses during the year. "Based on the above and in consideration of the indirect method, determine the net cash provided by operating activities for the year

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