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1-3-1 The net income reported on the income statement of Kingbird, Inc. for the current year was $1550000. Depreciation recorded on plant assets was $293000.

1-3-1

The net income reported on the income statement of Kingbird, Inc. for the current year was $1550000. Depreciation recorded on plant assets was $293000. Accounts receivable and inventories increased by $82000 and $55000, respectively. Prepaid expenses and accounts payable decreased by $7000 and $75000, respectively. How much cash was provided by operating activities during the year?

$1573000.

$1638000.

$1710000.

$2048000.

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