Reporting 74. The net income reported on the income statement for the current year was 2,250,000. Depreciation recorded on plant assets was 380,000. Accounts receivable and inventories increased by W20,000 and $80,000, respectively. Prepaid expenses and accounts payable decreased by $10,000 and 110,000 respectively. How much cash was provided by operating activities? a. 2,050,000 b. 42,430,000 C. 2,250,000 d. 2,590,000 Ans: b, SO: 3, Bloom: AP. Difficulty: Medium Min: 3. AACSB None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: None, IMA: Reporting