A company had net income of $261,628. Depreciation expense is $27,669. During the year, Accounts Receivable and Inventory increased ty $14,4a7 and $35,374. respectively. Prepaid Expenses and Accounts Payable decreased by $9,449 and 54,466, respectively. There was also a loss on the sale of equipment of $4,009. How mach cash was provided by operating activities? Select the correct answer $242,425 5293,306 373,410 5273,436 A buliding with a book value of $54,000 is sold for $63,000 cash, Using the indirect method, this transaction should be shown on the statement of cash fows as follows: a. an increae of 563,000 from inveting activitisz und a deduction from net thcome of 59,000 b. an increase of 59,000 them invecting activities c. an increase of 554,000 from ineveing activities and an addisien lo net ioceme of $9,000 d. an itacreaie of 554,000 from investing activities, Baxter Campany reported a net ioss of $13,000 for the year ended December 31 . During the year, accounts receivable decreased by $5,000, inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During the year, operating activities visd net ast of 52,000 pruvided nert cash of 58,000 The following selected account baiances appeared on the financial statements of the Washington Company. Use these balances to answer the question that follow: The Washington Company uses the direct method to cakculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise evppliers Cash colections from cultomers were 156,06e MSONO $60,000