Question

Becker Inc. reported net income of $560,000 on its income statement for 2020. Depreciation expense for...

Becker Inc. reported net income of $560,000 on its income statement for 2020. Depreciation expense for the year was $63,000.

Over the course of the year, Becker also experienced the following changes in account balances:

Accounts payable: $12,000 increase

Inventory: $18,000 increase

Accounts receivable: $9,000 decrease

Accrued liabilities: $19,000 decrease

Prepaid insurance: $7,000 decrease

Determine net cash provided by operating activities for 2020.

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