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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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