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A company's income statement showed the following: net income, $120,000; depreciation expense, $33,000; and gain on sale of plant assets, $7,000. An examination of the
A company's income statement showed the following: net income, $120,000; depreciation expense, $33,000; and gain on sale of plant assets, $7,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,000, merchandise inventory increased $21,000; prepaid expenses increased $6,800; accounts payable increased $4,000. Calculate the net cash provided or used by operating activities. Multiple Choice 0 $150,600 0 $145,800. 0 $132,200. 0 $143,800. 0 $171,800
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