The net income reported on the income statement for the current year was $227000. Depreciation recorded on plant assets was $35200. Accounts receivable and inventories increased by $1800 and $7700, respectively. Prepaid expenses and accounts payable decreased by $2400 and $11700 respectively. Using the indirect method, how much cash was provided by operating activities? 0 $262200 0 $207600 0 $243400 0 $227000 Save for Later Attempts: 0 Of 1 \"586' Submit Answer If a gain of $11700 is incurred in selling for cash office equipment having a book value of $116000, the amount reported for the sale in the cash flows from investing activities section of the statement of cash flows is O $11700. O $127700. O $104300. O $116000. Save for Later Attempts: 0 of 1 used Submit AnswerIf accounts receivable increase during the period, 0 revenues on an accrual basis are the same as revenues on a cash basis. 0 revenues on an accrual basis are less than revenues on a cash basis. 0 expenses on an accrual basis are greater than expenses on a cash basis. 0 revenues on an accrual basis are greater than revenues on a cash basis. Save for Later Attempts: 0 of 1 used Which of the following changes in retained earnings during a period will be reported in the financing activities section of the statement of cash flows? 1. Declaration and payment of a cash dividend during the period. 2. Net income for the period. O 1 O 2 O Neither 1 nor 2. O Both 1 and 2. Save for Later Attempts: 0 of 1 used Submit