Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method.
Additional information:
$$\begin{array} { | l | r | }
\hline \text { Increase in accounts receivable } & \$ 4,000 \
\hline \text { Increase in accounts payable } & 16,000 \
\hline \text { Increase in income taxes payable } & { 3 0 0 } \
\hline \text { Decrease in prepaid expenses } & 10,000 \
\hline \text { Decrease in merchardise inveritory } & 14,000 \
\hline \text { Decrease in long-tem notes payable } & { 2 0 , 0 0 0 } \
\hline
\end{array}$$

Question

Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method.
  Additional information:
 $$\begin{array} { | l | r | } 
\hline \text { Increase in accounts receivable } & \$ 4,000 \
\hline \text { Increase in accounts payable } & 16,000 \
\hline \text { Increase in income taxes payable } & { 3 0 0 } \
\hline \text { Decrease in prepaid expenses } & 10,000 \
\hline \text { Decrease in merchardise inveritory } & 14,000 \
\hline \text { Decrease in long-tem notes payable } & { 2 0 , 0 0 0 } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method.
  Additional information:
 $$\begin{array} { | l | r | } 
\hline \text { Increase in accounts receivable } & \$ 4,000 \
\hline \text { Increase in accounts payable } & 16,000 \
\hline \text { Increase in income taxes payable } & { 3 0 0 } \
\hline \text { Decrease in prepaid expenses } & 10,000 \
\hline \text { Decrease in merchardise inveritory } & 14,000 \
\hline \text { Decrease in long-tem notes payable } & { 2 0 , 0 0 0 } \
\hline
\end{array}$$