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A company had net income of $321480. Depreciation expense is $29640. During the year, accounts receivable...

A company had net income of $321480. Depreciation expense is $29640. During the year, accounts receivable and inventory increased $17100 and $45600, respectively. Prepaid expenses and accounts payable decreased $2280 and $15960, respectively. There was also a loss on the sale of equipment of $19380. How much cash was provided by operating activities?

a.$386460

b.274740.

c.$362520.

d.294120

Business   Accounting   
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Answer #1
Net Income $       3,21,480
Add:
loss on the sale of equipment $           19,380
Depreciation expense $           29,640
Decrease in prepaid expenses $             2,280
Less:
Decrease in account payable $         -15,960
Increase in inventory $         -17,100
Increase in account receivables $         -45,600
cash was provided by operating activities $       2,94,120
Correct Option : d.294120
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