Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by

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Question:

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000, and depreciation expense of $8,000 was recorded. Net cash provided by operating activities under the indirect method for the year is

a. $53,000

b. $47,000

c. $33,000

d. $37,000