Cash Flow Statements

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2. XYZ Company reported net income of $200,000 for the year. During the year, accounts receivable decreased by $10,000, inventory increased by $8,000, accounts payable increased by $6,000, depreciation expense of $10,000 was recorded, and land was purchased for $150,000 in cash. Net cash provided by operating activities for the year is a. $218,000. b. $68,000. c. $214,000. d. $202,000