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Need help asap thumbs up fast XYZ Company reported net income of $186,000 for 2010. The company also reported depreciation expense of $50,000 and a

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XYZ Company reported net income of $186,000 for 2010. The company also reported depreciation expense of $50,000 and a gain on the sale of equipment of $30,000. The companys comparative balance sheet shows the following:

  1. Decrease in accounts receivable $80,000
  2. Increase in inventory $40,000
  3. Decrease in accounts payable $10,000
  4. Increase in salaries payable $5,000
  5. Sale of common stock $200,000
  6. Proceeds from the sale of equipment $80,000

Using the above information, the operating activities section of the cash flow statement would reflect:

A) Net cash provided by operating activities $301,000

B)Net cash provided by operating activities $241,000

C)Net cash provided by operating activities $361,000

D)Net cash provided by operating activities $521,000

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