A company had net income of $282,000. Depreciation expense is $26,000. During the year, accounts receivable...

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A company had net income of $282,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased by $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively. There was also a loss on the sale of equipment of $17,000. How much cash was provided by operating activities? Select one: O a. $318,000. O b. $258,000. O c. $339,000. O d. $241,000. A company had net income of $282,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased by $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2,000 and $14,000, respectively. There was also a loss on the sale of equipment of $17,000. How much cash was provided by operating activities? Select one: O a. $318,000. O b. $258,000. O c. $339,000. O d. $241,000.

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The cash flow statement is as follows Particulars Amount Net Income 282000 Add Depreciation ... View the full answer