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RM Company, a manufacturer, has provided the following information pertaining to its recent year of operation: Net income, $270,000 Accounts payable increased $21,000 Prepaid rent

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

  • Net income, $270,000
  • Accounts payable increased $21,000
  • Prepaid rent decreased $16,500
  • Depreciation expense was $32,000
  • Accounts receivable increased $31,000
  • Gain on sale of a building was $17,500
  • Wages payable decreased $18,000
  • Unearned revenue increased $41,000

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

$314,000.

$281,000.

$226,000.

$331,500.

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