2 Points Question 3 A company had net income of $2,400,000. Depreciation expense is $260,000. During the year, Accounts Receivable and Inventory increased $150,000 and $400,000, respectively. Prepaid Expenses and Accounts Payable decreased $20,000 and $40,000, respectively. There was also a loss on the sale of equipment of $30,000. How much cash was provided by operating activities? A) $3,080,000 B) $2,120,000 $2,060,000 $2,960,000