December 31, 2017 Assets Cash $12,500 9,500 Liabilities and Stockholders' Equity Accounts payable $18,000 Accounts receivable (12,000) Common stock 40,000 Supplies 50,000 Equipment Dividends 13,000 Retained earnings 39.000 Total assets $85.000 Total liabilities and stockholders' equity $85.000 Instructions Prepare a correct balance sheet. W Gibson Company recorded the following cash transactions for the year. Paid $180,000 for salaries. Paid $80,000 to purchase office equipment Paid $20,000 for utilities. Paid $8,000 in dividends. Collected $350,000 from customers. What was Gibson's net cash provided by operating activities? . a $150,000 b. $70,000 C. $170,000 d. $.142,000