Concord Corporation had net income of $712000 for the year ending 12/31/2022. The depreciation expense for 2022 is $88000. During the year, accounts receivable and inventory increased $48000 and $128000, respectively. Prepaid expenses and accounts payable decreased $6400 and $12800, respectively. There was also a loss on the sale of equipment of $9600. How much cash was provided by operating activities in 2022?

$627200.

$902400.

$864000.

$608000.

Answer rating: 100% (QA)

A C D E F 1 Cash flow from operating activities 2 3 Particulars Amount 4 Net inc... View the full answer