F1 Company, a manufacturer, uses the indirect method for preparing its statement of cash flows....
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F1 Company, a manufacturer, uses the indirect method for preparing its statement of cash flows. The company has provided the following information pertaining to its recent year of operation: Cash flow from operating activities, $136,000 - Accounts payable increased $11,000 Prepaid assets decreased $8,000 Depreciation expense was $12.000 Accounts receivable increased $23,000 Loss on sale of a depreciable asset was $6,000 Wages payable decreased $9.000 Unearned revenue decreased $19.000 Patent amortization expense was $3,000 How much was Fl's net income
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