Use the financial information for this question and the two questions following this 2020 2019...
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Accounting
Use the financial information for this question and the two questions following this 2020 2019 Cash 550.000 365,000 Accounts receivable 75,000 85,000 Inventory 35,000 62.000 Prepaid Expenses 22,000 5.000 PP&E(net of 430,000 460.000 depreciation) Accounts payable 13.000 40.000 Accrued liabilities 12 000 83.000 Net income 50.000 Depreciation expense 30,000 The company issued new shares in the amount of $20.000 during the 2020 fiscal year. It also distributed a cash dividend of $25.000. Also the only long term assets the company has is its PP&E, which is listed above There was no purchase or sale of long term assets in 2020, Use the same financial information from the previous question. Apply indirect method, what is net cash flow from operating activities? a) $158,000 b) -$38.000 c) $32,000 d) $2.000
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