A Company's Income Statement Showed the Following: Net Income,$134,000;depreciation Expense,$30,000;and

Multiple Choice

A company's income statement showed the following: net income,$134,000;depreciation expense,$30,000;and gain on sale of plant assets,$4,000.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 increased $6,200;accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.

A) $156,600.
B) $141,000.
C) $96,600.
D) $148,600.
E) $88,600.