Nichols Company reported net income of $157,000. It reported depreciation expense of $12,000

Nichols Company reported net income of $157,000. It reported depreciation expense of $12,000 and accumulated depreciation of $47,000. Amortization expense was $6,000. Nichols purchased new equipment during the year for $50,000.

Required:

Determine net cash provided by operating activities.

 

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