Current Attempt in Progress

Sheffield Company reported net income of $$478000$ for the year ended $\frac{12}{31}\frac{?}{25}.$ Included in the computation of net income were the

following: depreciation expense, $$59300$; amortization of a patent, $$32000$; income from an investment in the common stock of

Grouper Inc., accounted for under the equity method, $$48500$; and amortization of bond discount, $$11000.$ Sheffield also paid an

$$80100$ dividend during the year. The net cash provided by operating activities would be reported at

$$339600.$

$$531800.$

$$419700.$

$$451700.$