Molecule Labs,Inc.had sales of $450,000,all received in cash.Total operating expenses were $350,000.All expenses except depreciation were paid in cash.Depreciation of $60,000 was included in the operating expenses.Ignore income taxes.Calculate net income and net cash provided by operating activities using the direct method.

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The Answer of Molecule Labs,Inc.had sales of $450,000,all received in cash.Total operating expenses were $350,000.All expenses except depreciation were paid in cash.Depreciation of $60,000 was included in the operating expenses.Ignore income taxes.Calculate net income and net cash provided by operating activities using the direct method.