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Wellstone Company's net income for the year ended December 31, 20x1 was $480,000. Wellstone's financial statements also included the following: Increase in accounts receivable $

Wellstone Company's net income for the year ended December 31, 20x1 was $480,000. Wellstone's financial statements also included the following:

Increase in accounts receivable $ 81,000
Decrease in inventory 65,000
Increase in accounts payable 290,000
Depreciation expense 109,000
Gain on sale of land 144,000

What amount should Wellstone report as net cash provided by operating activities on their statement of cash flows for the year ended December 31, 20x1 using the indirect method?

Multiple Choice

a)$1,169,000.

b) $881,000.

c) $663,000.

d) $719,000.

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