Alfredo Inc. reports net income of $238,000 for the year ended December 31. It also reports $91,200 depreciation expense and a $5,400 gain on the sale of equipment. Its comparative balance sheet reveals a $37,100 decrease in accounts receivable, a $16,550 increase in accounts payable, and a $13,050 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

Multiple Choice

• $364,400.

• $331,300.

• $369,800.

• $273,000.

• $390,500.