This exercise will enable you to practice reconciling net income with net cash provided by operating activities.
The following data relate to the L. Heckenmueller Co. for 2014.
| Net income | $75.000 |
| Increase in accounts receivable | 7,000 |
| Decrease in prepaid expenses | 3,200 |
| Increase in accounts payable | 5.000 |
| Decrease in taxes payable | 900 |
| Gain on sale of investment | 1,700 |
| Depreciation | 3,500 |
| Loss on disposal of plant assets | 600 |
Instructions
Compute the net cash provided by operating activities for 2014.
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