Question: Red Rock Company has provided the following information pertaining to its recent year of operation: Net income, $218,000 Accounts receivable increased $21,600 Prepaid insurance decreased

Red Rock Company has provided the following information pertaining to its recent year of operation:

  • Net income, $218,000
  • Accounts receivable increased $21,600
  • Prepaid insurance decreased $7,800
  • Depreciation expense was $66,000
  • Gain on sale of land, $5,800
  • Wages payable decreased $17,600
  • Unearned revenue increased $25,600

Using the indirect method, how much was Red Rock's net cash provided by operating activities?

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