S Company reported net income for 2018 in the amount of $480,000. The company's financial statements also included the following:

Increase in accounts receivable	$	78,000
Decrease in inventory		67,000
Increase in accounts payable		240,000
Depreciation expense		101,000
Gain on sale of land		143,000

What is net cash provided by operating activities under the indirect method?

multiple choice

• $823,000.

• $621,000.

• $667,000.

• $1,109,000.