Answer:Please see answer below
Explanation:
Solving
Net income= $16,000
Change in asset and liabilities
Accounts receivable Increased $67,000- $59,000 =- -8000
Inventory Decreased 62,000- 86,000=24,000
Prepaid rent --Increased 9,000- 7,000 = -2000
Accounts payable ---decreased 22,000 -30,000 = -8000
Wages payable ----Increased 9,000- 7,000=2000
Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)
= $24,000
Net income= $16,000
Change in asset and liabilities
Accounts receivable--Increase -$8,000
Inventory--Decreased-- $24,000
Prepaid rent --Increased -$2,000
Accounts payable ---decreased-$8,000
Wages payable ----Increased $2,000
Net cash provided by operating activities,= $24,000
