A company had net income of $465,000. Depreciation expense is $52,000. During the year, Accounts Receivable and Inventory increased $30,000 and $80,000, respectively. Prepaid Expenses and Accounts Payable decreased $4,000 and $8,000, respectively. There was also a loss on the sale of equipment of $6,000.

How much cash was provided by operating activities?

Select one:

a. $409,000

b. $576,000

c. $392,000

d. $552,000

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