Splish Brothers Inc. had net income of $1068000 for the year ending 12/31/2022. Depreciation expense for 2022 is $132000. During the year, accounts receivable and inventory increased $72000 and $192000, respectively. Prepaid expenses and accounts payable decreased $9600 and $19200, respectively. There was also a loss on the sale of equipment of $14400. How much cash was provided by operating activities in 2022?

$940800.

$1296000.

$1353600.

$912000.

Answer rating: 100% (QA)

Dec36 420 Answer is highlighted in yellow Solution Answer 940800 Expl... View the full answer