Multiple Choice Question 127 A company had net income of $219960. Depreciation expense is $20280. During the year, accounts receivable and inventory increased $11700 and $31200, respectively. Prepaid expenses and accounts payable decreased $1560 and $10920, respectively. There was also a loss on the sale of equipment of $13260. How much cash was provided by operating activities? $201240. $248040. $187980. $264420.