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Minear Company reported net income of $480,000 for the year ended 12/31/2015. Included in the computation of net income were: depreciation expense, $60,000; amortization of

Minear Company reported net income of $480,000 for the year ended 12/31/2015. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; income from an investment in common stock of Brett Inc., accounted for under the equity method, $48,000; and amortization of a bond discount, $12,000. Minear also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at

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$424,000.

$344,000.

$456,000.

$536,000

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