Nice try! Instead of net loss of $106,000, begin with operating loss of $110,500.
| Operating Loss | $(110,500) |
| Depreciation | $ 245,000 |
| Change in Accounts Payable | $ 2,500 |
| Net Cash Provided by Operating Activities | 137,000 |
See Reconciliation of Operating Income to Net Cash Provided by Operating Activities for further review.
