Net Cash from Operating Activities

In 2019, La Jolla Company reported net income of $290,000 for the year. Depreciation expense was $30,000 and a loss on disposal of equipment of $15,000 was recorded. A comparative balance sheet for select accounts is listed below. 12/31/19 Increase (Decrease) Accounts Receivable $60,000 $20,000 12/31/18 $40,000 120,000 65,000 Inventory 90,000 Equipment 105,000 (30,000) 40,000 (5,000) Accounts Payable 40,000 45,000 What is the net cash provided by operating activities in 2019 using the indirect method? A. $325,000 B. $340,000 Oc$300,000 OD. $320,000