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Brief Exercise 23-10 Hendrickson Corporation reported net income of $54,050 in 2014. Depreciation expense was...

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Accounting

Brief Exercise 23-10 Hendrickson Corporation reported net income of $54,050 in 2014. Depreciation expense was $15,410. The following working capital accounts changed. Accounts receivable $11,130 increase Available-for-sale securities 16,680 increase Inventory 7,380 increase Nontrade note payable 17,130 decrease Accounts payable 15,060 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).)

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