Question: DO IT! 13.2a (LO 2), AP PK Photography reported net income of $100,000 for 2022. Included in the income statement were depreciation expense of
DO IT! 13.2a (LO 2), AP PK Photography reported net income of $100,000 for 2022. Included in the income statement were depreciation expense of 56,300, patent amortization expense of $4,000, and a gain on disposal of plant assets of $3,600. PK's comparative balance sheets show the following balances. Calculate net cash from operating activities. Accounts receivable 12/31/22 $21,000 12/31/21 $27,000 9.200 Accounts payable Calculate net cash provided by operating activities for PK Photography. 6,000
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