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ABC Company reported net income of $190,000 for 2008. The company also reported depreciation expense of $35,000 and a loss of $5,000 on the sale of equipment. The companys comparative balance sheet shows the following:

1) Increase in accounts receivable $15,000

2)Increase in prepaid expenses $4,000

3) Increase in accounts payable $17,000

4) Purchase of equipment $35,000

5) Sale of common stock $100,000 Using the above information, the operating activities section of the Cash Flow Statement would reflect:

Group of answer choices:

A) Net cash used by operating activities ($228,000)

B) Net cash used by operating activities ($293,000)

C) Net cash provided by operating activities $228,000

D) Net cash provided by operating activities $293,000