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A company's income statement showed the following: net income, $123,000; depreciation expense, $34,500; and gain on sale of plant assets, $8,500. An examination of the
A company's income statement showed the following: net income, $123,000; depreciation expense, $34,500; and gain on sale of plant assets, $8,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $10,300; merchandise inventory increased $22,500; prepaid expenses increased $7,100; accounts payable increased $4,300. Calculate the net cash provided or used by operating activities. Multiple Choice $134,000. $174,200. $146,200. $148,200. $153,000
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