MC Qu. 119 Wessen Company reports net income of $200,00...

Wessen Company reports net income of $200,000 for the year ended December 31, 2010. It also reports $40,000 depreciation expense, $22,500 amortization expense and a $15,000 loss on the sale of machinery. Its comparative balance sheets reveal a $225,700 increase in accounts receivable, $31,600 decrease in accounts payable, $15,000 decrease in prepaid expenses, and $48,100 decrease in wages payable. What is the net cash flows provided (used) by operating activities using the indirect method?

	($57,900)
	($12,900)
	$57,900
	($50,400)
	$50,400