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S Company reported net income for 2021 in the amount of $470,000. The company's financial statements also included the following: Increase in accounts receivable $
S Company reported net income for 2021 in the amount of $470,000. The company's financial statements also included the following:
Increase in accounts receivable | $ | 84,000 | |
Decrease in inventory | 67,000 | ||
Increase in accounts payable | 270,000 | ||
Depreciation expense | 109,000 | ||
Gain on sale of land | 144,000 | ||
What is net cash provided by operating activities under the indirect method?
Multiple Choice
$638,000.
$1,144,000.
$688,000.
$856,000.
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