The Meta company uses indirect method for preparing its statement of cash flows. It reported a...

 

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The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018. During the year 2016, the working capital accounts were changed as follows: Decrease in accounts receivable: $45,000 Decrease in accounts payable: $36,600 Increase in inventory: $56,800 The deprec ation expense was $66,000 for the year 2018. Compute net cash provided (used) by operating activities using indirect method The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018. During the year 2016, the working capital accounts were changed as follows: Decrease in accounts receivable: $45,000 Decrease in accounts payable: $36,600 Increase in inventory: $56,800 The deprec ation expense was $66,000 for the year 2018. Compute net cash provided (used) by operating activities using indirect method

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