Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed. Accounts receivable $11,500 increase Available-for-sale debt securities 17,000 increase Inventory 8,000 increase Nontrade note payable 15,600 decrease Accounts payable 11,500 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Marigold Corporation reported net income of $49,400 in 2020. Depreciation expense was $16,700. The following working capital accounts changed. Accounts receivable $11,500 increase Available-for-sale debt securities 17,000 increase Inventory 8,000 increase Nontrade note payable 15,600 decrease Accounts payable 11,500 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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bartleby, a Learneo, Inc. business

Accounts receivable	$11,500	increase
Available-for-sale debt securities	17,000	increase
Inventory	8,000	increase
Nontrade note payable	15,600	decrease
Accounts payable	11,500	increase

Marigold Corporation Statement of Cash Flows (Partial)

		$
Adjustments to reconcile net income to






		$