The three independent cases that follow include all balance sheet accounts related to operating activities. Case A Case B Case CNet income $ 320,000 $ 20,000 $ 430,000 Depreciation expense 50,000 160,000 90,000 Accounts receivable increase (decrease) 120,000 (210,000) (30,000) Inventory increase (decrease) (60,000) 45,000 60,000 Accounts payable increase (decrease) (60,000) 130,000 80,000 Accrued liabilities increase (decrease) 70,000 (230,000) (50,000) Required: Show the operating activities section of cash flows for each of the glven cases, (Amounts to be deducted should b] indicated with a minus sign.) Answer is complete but not entirely correct. Case A Case B Case C Net Income $ 320,000 $ 20,000 $430,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation 50,000 160,000 90,000 Changes in Assets and Liabilities Accounts Receivable 120,000 210,000 30,000 Inventory 60,000 45,000 60,000 Accounts Payable 60,000 13,000 80,000 Accrued Liabilities 70,000 230,000 50,000 Net Cash Provided by Operating Activities $ 680,000 $ 678,000 $ 740,000
