What amount should be reported for cash flows provided by operating activities?

a. $150,000

b. $175,000

c. $134,000

d. $100,000

A water and sewer enterprise fund provided you the following information for the year ended June 30, 20X5:

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Customer receipts $ 500,000 Dividends received from investments in common and preferred stock Proceeds from issuance of revenue bonds (used for plant construction) Proceeds of short-term notes (used to pay operating expenses) Capital grant received from state (used for wastewater plant addition) 25,000 1,000,000 30,000 300,000 Interest on revenue bonds paid 40,000 Interest on short-term notes paid 1,000 Proceeds from sale of Dell common stock received 20,000 Investments in corporate bonds acquired 8,000 Capital expenditures made Operating expenses paid Depreciation expense for period determined 600,000 350,000 50,000