The financial statements of Vargas Corp. provide the following information. Calculate the cash provided from...
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Accounting
The financial statements of Vargas Corp. provide the following information. Calculate the cash provided from operating activities.
Net Income $250,000, Depreciation expense $19,000, Loss on the Disposal of Equipment $8,000, Increase in Accounts Receivable $11,000, Decrease in Inventory $2,500, Increase in Pre-Paid expenses $4,000, Dividends Paid $5,500, Increase in Accounts Payable $15,000, Decrease in Income Tax Payable $2,500.
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