Rainy Day, Inc. shows the following information on a partial…
Rainy Day, Inc. shows the following information on a partial balance sheet: 2024 2023 Difference Assets Cash 200,000 135,000 65,000 Current assets 164,000 150,000 14,000 Current liabilities 206,600 180,000 26,600 They also provided the following information: 2024 Net Income was $72,000 Cash dividends of $38,000 were declared and paid in 2024. 2024 Depreciation expense was $15,500 Equipment with an original cost of $25,000 and accumulated depreciation of $9,600 was sold in 2024 for $14,000. Calculate the net cash provided by (used in) operations for Rainy Day, Inc. for 2024.
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