Kanet Company reports net income of $230,000 for the year ended December 31, 2019. It also reports $87,000 depreciation expense and a $5,000 gain on the sale of equipment. Its comparative balance sheet reveals a $35,000 decrease in accounts receivable, a $15,000 increase in accounts payable. Calculate the new cash provided (used) in operating activities using the indirect method. Select one: a. $372,000. b. $362,000. c. $188,000. d. $332,000.

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