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A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on...

A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.
Select one:
a. $155,000.
b. $145,800.
c. $141,000.
d. $139,000.

Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir

Business   Finance   
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Answer #1
Net Income $       1,24,000
Add:
Depreciation expenses $           30,000
Decrease in account receivables $             9,400
Decrease in prepaid expenses $             6,200
Increase in account payable $             3,400
Less:
Gain on sale of plant $         -14,000
increase in inventory $         -18,000
Cash provided by operating activities $       1,41,000
Correct Option :c. $141,000.
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