18) Liv & Company's current year income statement and changes in select balance sheet accounts...
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18) Liv & Company's current year income statement and changes in select balance sheet accounts are given below. Changes in relevant balance sheet accounts: $248.000 (116,000) $132.000 Liv & Company Income Statement For Year Ended December 31st Sales Cost of goods sold Gross Profit Operating Expenses: Wages and salaries expense Rent expense Depreciation expense Amortization expense 12,000 Other expenses 18,000 Income from operations Gain on sale of equipment Income before taxes Income tax expense Net Income Increase in: Accounts receivable Accounts payable Income tax payable Equipment $4,000 16,000 300 58,000 S44,000 16,000 30,000 Decrease in: Prepaid expenses Inventory Long-term notes payable (120,000) $12,000 26.000 $38.000 (13,300) $24.700 10,000 14.000 20.000 The company's net cash from operating activities is: A) $77,000 of net cash provided. B) $91,000 of net cash provided. C) $52,300 of net cash provided. D) $4,400 of net cash provided. E) $7,600 of net cash used
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