Question: Method The net income reported on the income statement for the current year was $ 2 6 1 , 6 0 0 . Depreciation recorded

Method The net income reported on the income statement for the

Method
The net income reported on the income statement for the current year was $261,600. Depreciation recorded on equipment and a building amounted to $78,200 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:
End of Year Beginning of Year
\table[[Cash,$72,200,$76,530
current year was $261,600. Depreciation recorded on equipment and a building amounted

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