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The following information has been provided to you by RKJ Company: Net income $305,500 Decrease in accounts payable $116,200 Increase in inventory $ 24,750 Increase
The following information has been provided to you by RKJ Company: Net income $305,500 Decrease in accounts payable $116,200 Increase in inventory $ 24,750 Increase in accounts receivable $ 25,650 Decrease in bonds payable $ 26,100 Loss on sale of a depreciable asset $ 19,550 Depreciation expense $ 42,750 Decrease in income taxes payable $ 13,100 Using the indirect method, what is the net cash provided by operating activities? $168,550. $231,550. $188,100. $205,450.
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