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Sheridan Company recorded the following cash transactions for the year: Paid $181500 for salaries. Paid $84000 to purchase office equipment. Paid $21200 for utilities.

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Sheridan Company recorded the following cash transactions for the year: Paid $181500 for salaries. Paid $84000 to purchase office equipment. Paid $21200 for utilities. Paid $8500 in dividends. Collected $375000 from customers. What was Sheridan's net cash provided by operating activities? $172300 $88300 O $193500 $163800

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