Multiple Choice Question 128

The net income reported on the income statement for the current year was $1387000. Depreciation recorded on plant assets was $262000. Accounts receivable and inventories increased by $73000 and $49000, respectively. Prepaid expenses and accounts payable decreased by $6000 and $67000, respectively. How much cash was provided by operating activities?

(A)$1466000

(B)$1832000

(C)$1408000

(D)$1530000