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Rice Company, a retailer, has provided the following information pertaining to its recent year of operation: Net income, $108,000 Accounts receivable increased $9,800 Prepaid insurance

Rice Company, a retailer, has provided the following information pertaining to its recent year of operation:

  • Net income, $108,000
  • Accounts receivable increased $9,800
  • Prepaid insurance decreased $3,800
  • Depreciation expense was $19,000
  • Gain on sale of land, $2,800
  • Wages payable decreased $7,800
  • Unearned revenue increased $15,000

Using the indirect method, how much was Rice's net cash provided by operating activities?

$90,600.

$141,000

$125,400

$131,000

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