The net income reported on the income statement of Whispering Winds Corp. for the current year was $1251000. Depreciation recorded on plant assets was $236000. Accounts receivable and inventories increased by $66000 and $44000, respectively. Prepaid expenses and accounts payable decreased by $6000 and $61000, respectively. How much cash was provided by operating activities during the year?

$1652000.

$1322000.

$1380000.

$1270000.

Answer rating: 100% (QA)

1322000 Net income depreciation Cashflow from ... View the full answer