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A company had profit of $ 2 3 0 , 0 0 0 . Depreciation expense is $ 2 6 , 0 0 0 .

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A company had profit of $230,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?
Select one:
A. $288,000
B. $276,000
C. $202,000
D. $196,000
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