Source Today earned net income of ($ 60,000) after deducting depreciation of ($ 4,000) and all other
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Source Today earned net income of \(\$ 60,000\) after deducting depreciation of \(\$ 4,000\) and all other expenses. Current assets decreased by \(\$ 3,000\), and current liabilities increased by \(\$ 5,000\). How much was Source Today's cash provided by operations (indirect method)?
a. \(\$ 48,000\)
b. \(\$ 50,000\)
c. \(\$ 72,000\)
d. \(\$ 66,000\)
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