Question: Please answer problem #36, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The comparative balance sheets for Concord Corporation show these changes in noncash

Please answer problem #36, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
Please answer problem #36, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank

The comparative balance sheets for Concord Corporation show these changes in noncash current asset accounts: accounts receivable decreased $71,000, prepaid expenses increased $19,000, and inventories increased $31,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $177,000. (Show amounts that decrease cash flow with either a - signeg. -15,000 or in parenthesis e.g. (15,000).) Concord Corporation Statement of Cash Flows-Indirect Method Net Cash Provided by Operating Activities Net Income $ 177,000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable $ 71.000 Increase in Prepaid Expenses 19.000 Increase in Inventories 31,000 21,000 Net Cash Provided by Operating Activities 198.000

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