Selling, general, and administrative expenses were $$80,000$; net sales were $$390,000$; interest expense was $$16,000$; research and development

expenses were $$34,000$; net cash provided by operating activities was $$42,000$; income tax expense was $$10,000$; cost of goods sold was $$2200.$

Net income was $$40,000$; accounts receivable decreased by $$10,000$; inventory increased by $$3,000$; proceeds from the is

vere $$22,500$; equipment purchases were $$75,000$; depreciation expense was $$16,000.$ The net cas

period was:

Multiple Choice

$$47,000.$

$$49,000.$

$$10,500.$

$$63,000.$