McGee Company gathered the following data to prepare its 202…
McGee Company gathered the following data to prepare its 2024 statement of cash flows: Problem Information Item Amount Net income $70,000 Depreciation expense 10,000 Accounts receivable decrease 5,000 Wages payable increase 6,000 Amortization of patent 2,000 Dividends paid 1,000 Income tax payable decrease 4,000 Based only on the above data, the net cash inflow from operating activities during 2024 was