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Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the...

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Accounting

Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 77,400 $ 92,550 Accounts receivable 63,400 68,200 Inventory 85,100 77,500 Property, plant, and equipment 228,000 217,000 Less accumulated depreciation (76,000 ) (54,250 ) Total assets $ 377,900 $ 401,000 Accounts payable $ 49,600 $ 88,200 Income taxes payable 38,600 48,300 Bonds payable 93,000 77,500 Common stock 108,500 93,000 Retained earnings 88,200 94,000 Total liabilities and stockholders equity $ 377,900 $ 401,000 During the year, DTI paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. Required: How much depreciation would the company add to net income on its statement of cash flows

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