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Cash Provided (Used) by Operating Activities
Willows Corporation Reports the Following

Question 34

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Cash provided (used) by operating activities
Willows Corporation reports the following information:
 Net income.....................................................$320,000 Depreciation expense...................................... 70,000 Increase in accounts receivable....................... 30,000\begin{array}{llcc} \text { Net income.....................................................} &\$320,000 \\ \text { Depreciation expense...................................... } &70,000\\ \text { Increase in accounts receivable....................... } &30,000\\\end{array}
What amount should Willows report under the cash provided (used) by operating activities portion of their statement of cash flows?

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