Question: Current Attempt in Progress Sunland Company completed its first year of operations on December 31, 2021. Its initial income statement showed that Sunland had revenues
Current Attempt in Progress Sunland Company completed its first year of operations on December 31, 2021. Its initial income statement showed that Sunland had revenues of $215,000 and operating expenses of $87,400. Accounts receivable and accounts payable at year end were $67,200 and $25,800, respectively. Assume that accounts payable related to operating expenses, Ignore income taxes. Calculate net cash provided by operating activities using the direct method. (Show amounts that decrease cash flow with either a sign e.g.-15,000, or in parenthesis e.g. (15,000)). SUNLAND COMPANY Cash Flow Statement 02 > o . $ Save for Later Attempts: 0 of 5 used Submit
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