Question: Lino Co.s worksheet for the preparation of its 2010 statement of cash flows included the following: December 31 January 1 Accounts receivable $29,000 $23,000 Allowance

Lino Co.’s worksheet for the preparation of its 2010 statement of cash flows included the following:

December 31 January 1 Accounts receivable $29,000 $23,000 Allowance for uncollectible accounts 1,000 800 Prepaid rent expense 8,200 12,400 Accounts payable 22,400 19,400 Lino’s 2010 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows?

a. $151,400

b. $151,000

c. $148,600

d. $145,400

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