Question: During 2 0 2 0 , Acadia, Incorporated, earned net income of $ 4 2 0 , 0 0 0 . The firm increased its

During 2020, Acadia, Incorporated, earned net income of $420,000. The firm increased its accounts receivable during the year by
$150,000. The book value of its assets declined by an amount equal to the year's depreciation charge, or $112,000, and the market
value of its assets increased by $26,000. Based only on this information, how much cash did Acadia generate during the year? Please
ignore taxes for this problem.
Note: Negative amounts should be indicated by parentheses.
Answer is complete but not entirely correct.
During 2020, Acadia, Incorporated, earned net income of $420,000. The firm

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