Question: Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In Year 6, Bernard had net income of $54,000. In addition,

Bernard, Inc. prepares a statement of cash flows using the visual inspection

Bernard, Inc. prepares a statement of cash flows using the visual inspection method. In Year 6, Bernard had net income of $54,000. In addition, the following information is available: Gain on sale of land $16,000 Decrease in inventories 10,000 Amortization of patents 4,000 Increase in prepaid expenses 3,000 What net cash provided by operating activities should Bernard report in Year 6?

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