Question Completion Status QUESTION 6 During the first year of Wilkinson Company's operations, all purchases were recorded as assets. Supplies in the amount of $28,800 were purchased. A year-end count found that 56,600 remained from those purchases. The adjusting entry for supplies will Increase net income by $22,200 Increase expense by $22,200 Decrease supplies by $6,600 O Debit Accounts Payable for $6,600 QUESTION 7 Lindsay Corporation had net income for 2016 of $3,000,000. Additional information is as follows: Depreciation of plant assets $1,200,000 Amortization of intangibles 240,000 Increase in accounts receivables 420,000 Increase in accounts payable 540,000 Lindsay's net cash provided by operating activities for 2016 was $4,560,000 O $4,400,000 O $4.320,000 O $2,680,000