Kenneth's Industries reported net income of \( \$ 27000 \) and paid cash dividends of \( \$ 19000 \). Changes in balance sheet accounts for the year were as follows: \begin{tabular}{lr} & \begin{tabular}{c} Increase \\ (Decrease) \end{tabular} \\ \hline Accounts receivable & \( (\$ 22000) \) \\ Inventory & 20000 \\ Property, plant and equipment & 33000 \\ Accumulated depreciation & 20000 \\ Depreciation expense & 18000 \\ Accounts payable & 23000 \\ Accrued liabilities & \( (19000) \) \end{tabular} What is the amount of net cash provided by operations? \( \$ 2000 \) \( \$ 51000 \) \( \$ 149000 \) \( \$ 31000 \)
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Then, we add back non-cash expenses, which is the depreciation expense of $18000. This gives us $45000. Show more…
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