Acme Corporation's net income for the current year was $510,000. Depreciation recorded on plant assets was $46,000 and amortization expense was $30,000. Accounts receivable and inventories increased by $40,000 and $16,000, respectively. Supplies and accounts payable decreased by $2,000 and $32,000, respectively. The equipment account balance increased by $55,000 and a $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities? O $464,000 O $500,000 O $672,000 O $480,000

Acme Corporation's net income for the current year was $510,000. Depreciation recorded on plant assets was $46,000 and amortization expense was $30,000. Accounts receivable and inventories increased by $40,000 and $16,000, respectively. Supplies and accounts payable decreased by $2,000 and $32,000, respectively. The equipment account balance increased by $55,000 and a $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities? $464,000 $500,000 $672,000 $480,000