12. Dancy Company reported net income of $530,000 for the year ended 12/31/21. Included in...
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12.
Dancy Company reported net income of $530,000 for the year ended 12/31/21. Included in the computation of net income were:depreciation expense, $90,000; amortization of a patent, $48,000: income from an investment in common stock of Linda lnc, accountedfor under the equity method, $72,000: and amortization of a bond premium, $18,000. Dancy also paid a $120,000 dividend during theyear. The net cash provided by operating activities would be reported at Show all calculations.
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