Lino Co.’s worksheet for the preparation of its 2006 statement of cash flows included the following:
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|
December 31 |
January 1 |
|
|
Accounts receivable |
$29,000 |
$23,000 |
|
Allowance for uncollectible accounts |
1,000 |
800 |
|
Prepaid rent expense |
8,200 |
12,400 |
|
Accounts payable |
22,400 |
19,400 |
Lino’s 2006 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows?
- $151,400
- $151,000
- $148,600
- $145,400