Question: help please Problem #1 Seafood Company prepared the tabulation below at December 31, 2019 Net Income $329,000 Adjustments to reconcile net income to net cash

help please
Problem #1 Seafood Company prepared the tabulation below at December 31, 2019 Net Income $329,000 Adjustments to reconcile net income to net cash provided by operating activities! Depreciation expense, $12,000...... Increase in accounts receivable, $25,000...................... Increase in inventory, $50,000 ....... Increase in accounts payable, $18,600.... Decrease in income taxes payable, $2,500.................. Loss on sale of land, $15,000.... Net cash provided (used) by operating activities ....... Instructions Show how each item should be reported in the statement of cash flows and then determine the net cash flow from operating activity. Use parentheses for deductions. Extra Credit (3 points) Dugan Enterprises reported cash flow from operations of $299,000. The company made capital expenditures of $118,000 and paid dividends of $43,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
