Brief exercise 12-5 the net income for teal mountain inc. for 2017 was $293,800. for 2017, depreciation on plant assets was $66,500, and the company incurred a loss on disposal of plant assets of $27,800. compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts. (show amounts that decrease cash flow with either a - sign e. g -15,000 or in parenthesis e. g. (15,

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?