Roberts Company had net income of $890,000 for the year ending 12/31/2022. Depreciation expense for 2022 is $110,000. During the year, accounts receivable and inventory increased by $60,000 and $160,000, respectively. Prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How much cash was provided by operating activities in 2022? a. $1,080,000. Ob. $760,000 c. $784,000. O d. $1,128,000.

Roberts Company had net income of $890,000 for the year ending 12/31/2022. Depreciation expense for 2022 is $110,000. During the year, accounts receivable and inventory increased by $60,000 and $160,000, respectively. Prepaid expenses and accounts payable decreased $8,000 and $16,000, respectively. There was also a loss on the sale of equipment of $12,000. How much cash was provided by operating activities in 2022 ? a. $1,080,000. b. $760,000. C. $784,000. d. $1,128,000