net cash provided by operating activities 425113

Nordquist Company’s net income last year was $44,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below:

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Increases
(Decreases)
Asset and Contra Asset Accounts:
Accounts receivable $17,500
Inventory $(4,400)
Prepaid expenses $13,000
Accumulated depreciation $32,000
Liability Accounts:
Accounts payable $17,000
Accrued liabilities $(8,900)
Income taxes payable $3,500

Based solely on this information, the net cash provided by operating activities under the indirect method on the statement of cash flows would be:
$78,600
$113,700
$61,500
$26,500

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