Limbo Co.'s worksheet for preparation of its year 1 statement of cash follows included the following: December 31 $29,000 1,000 8,200 22,000 Accounts receivable Allowance for uncollectible accounts Prepaid rent expense Accounts payable January 1 $23,000 800 12,400 19,400 Limbo's year 1 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows? a. $151,000 b. $148,600 C. $145,400 d. $151,4000

Limbo Co.'s worksheet for preparation of its year 1 statement of cash follows included the following: Limbo's year 1 net income is $150,000. What amount should Lino include as net cash provided by operating activities in the statement of cash flows? a. $151,000 b. $148,600 c. $145,400 d. $151,4000