Alvez Company reports net income of $305,000 for the year ended December 31.Italso reports $93, 700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40, 200 increase in accounts receivable, a $10.200 decrease in prepaid expenses, a $15, 200 increase in accounts payable, a $12.500 decrease in wages payable, and a $100,000 decrease in notes payable. Calculate the cash provided (used) in operating activities using the indirect method. A) $461, 800. B) $371, 400. C) $351,000. D) $361,000. E) $381, 400. Preparation of the statement of cash flows does not involve: A) Computing the profit compared to the net increase or decrease in cash. B) Computing and reporting net cash provided or used by investing activities. C) Computing and reporting net cash provided or used by operations. D) Computing and reporting net cash provided or used by financing activities