Robley Company reported net income of $340,000 for the year ended 12/31/08. Included in the computation of

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Robley Company reported net income of $340,000 for the year ended 12/31/08. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; and a loss on sale of equipment, $12,000. Robley also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at

a). $444,000.

b). $420,000.

c). $236,000.

d). $156,000.