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Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $198,000 Accounts receivable increased $17,700 Prepaid insurance

Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation:

  • Net income, $198,000
  • Accounts receivable increased $17,700
  • Prepaid insurance increased $6,700
  • Depreciation expense was $24,000
  • Loss on sale of a building was $21,700
  • Wages payable increased $13,700
  • Unearned revenue decreased $20,000

Using the indirect method, how much was Darwin's net cash provided by operating activities?

Multiple Choice

  • $183,000.

  • $223,000.

  • $213,000.

  • $169,600.

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