Question: View Policies Current Attempt in Progress Wise Photography reported net income of $118,000 for 2020. Included in the income statement were depreciation expense of

View Policies Current Attempt in Progress Wise Photography reported net income of

View Policies Current Attempt in Progress Wise Photography reported net income of $118,000 for 2020. Included in the income statement were depreciation expense of $4,500 amortization expense of $3,000, and a gain on disposal of plant assets of $3,700. Wise's comparative balance sheets show the following balances. 12/31/19 12/31/20 Accounts receivable $27,000 $21,200 Accounts payable 6,200 9.000 Calculate net cash provided by operating activities for Wise Photography. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Wise Photography Statement of Cash Flows For the Month Ended December 31, 2020 $

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