Multiple Choice Question 128 The net income reported on the income statement for the current year was $1142000. Depreciation recorded on plant assets was $216000. Accounts receivable and inventories increased by $60000 and $40000, respectively. Prepaid expenses and accounts payable decreased by $5000 and $55000, respectively. How much cash was provided by operating activities? $1508000. $1160000. $1260000. $1208000.