What was the amount of the net cash provided by (used by) operating activities during the current year? (Input cash used by operating activities with a minus sign.)             

                    

                                         Prior Year           Current Year

Net Income                      $500,000               $655,000

Depreciation Expense    60,000                    72,000

Accounts Receivable      89,000                    78,000

Inventory                        116,000                   142,000

Accounts Payable           120,000                  117,000

Salaries and Wages Payable 56,000              68,000

Answer rating: 100% (QA)

To calculate the net cash provided by operating activities we need to adju... View the full answer