Answer:
The amount of cash provided by operating activities is $155,000
Explanation:
The net cash provided by operating activities is shown below by the cash flow statement extract:
Net income $152,000
depreciation expense $24,900
increase in accounts receivable($109700-$77900)($31,800)
Decrease in inventory($171,900-$157,000) $14,900
increase in prepaid expenses($26,700-$25,100) ($1,600)
increase in accrued expenses($14,600-$8400) $6,200
decrease in accounts payable($95,100-$85,500) ($9,600)
net cash provided by operating activities $155,000
Note:
An increase in liability means depriving the other party some cash,hence it is positive and vice versa.
