Question: Multiple Choice Question 128 The net income reported on the income statement for the current year was $1170000. Depreciation recorded on plant assets was $221000.

Multiple Choice Question 128 The net income reported on the income statement for the current year was $1170000. Depreciation recorded on plant assets was $221000. Accounts receivable and inventories increased by $62000 and $41000, respectively. Prepaid expenses and accounts payable decreased by $5000 and $57000, respectively. How much cash was provided by operating activities? $1290000. $1236000. $1546000. $1187000.

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