A company's income statement showed the following: net income, $140,000 and depreciation expense, $34,800. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,000; merchandise inventory increased $21,200; and accounts payable increased $5,000. Calculate the net cash provided or used by operating activities. Multiple Choice $134,000. $180,000. $137,600. $169,600. Use the following information to calculate cash received from dividends: Dividends revenue Dividends receivable, January 1 Dividends receivable, December $31,300 2,900 4,000 31 Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $263,000 57,500 98,200 5,400 25,300 33,000 126,500 The ending balance in retained earnings is