75. The net income reported on the income statement for the current year was 2,400,000. Depreciation was 500,000. Account receivable and inventories decreased by $100,000 and 300,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $10,000 and 80,000. How much cash was provided by operating activities? a. 3,010,000 b. 3,370,000 C. 3,210,000 d. 3,290,000 Ans: D. SO 3. Bloom: AP. Difficulty: Medium, Min: 3. AACSB. None. AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC. None, IMA Reporting