Business, 23.08.2020 01:01 ashlynneboogs0056

A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. A. $141,000.
B. $96,600.
C. $156,60o.
D. $88,600.
E. $148.600.

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A company's income statement showed the following: net income, $134,000; depreciation expense, $30,0...

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