Question: Question 17 5 points Save Answer The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable

Question 17 5 points Save Answer The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $9,000. How much cash was provided by operating activities? $340,000 O $323,000 O $311,000 O

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