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Marigold Corp.'s net income for the current year was $374000. Depreciation was $48000. Accounts receivable and inventories decreased by $16000 and $25000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $12000. Equipment was sold at a gain of $7200. How much cash was provided by operating activities?

$465800.

$371000.

$417000.

$449000.