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4. Statement of Cash Flows: Brian Company recorded the following cash transactions for the year ended December 31, 2013: Received cash receipts from their customers

4. Statement of Cash Flows: Brian Company recorded the following cash transactions for the year ended December 31, 2013:

  • Received cash receipts from their customers totaling $600,000
  • Paid $225,000 in salaries
  • Paid $80,000 in rent and utilities
  • Paid $6,000 in insurance

What is the net cash provided by operating activities on Brian Company's Statement of Cash Flows as of December 31, 2013?

$600,000
$577,500
$295,000
$289,000

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