Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year,

Question:

Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year. Under the indirect method, what is net cash provided by operating activities?

(a) $102,000.

(b) $112,000.

(c) $124,000.

(d) $136,000.

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