Brown Company Reported the Following Information for the Year 2011

Multiple Choice

Brown Company reported the following information for the year 2011: Sales revenue of $280,000; cost of goods sold of $100,000; selling expenses of $40,000; administrative expenses of $35,000; depreciation of $25,000; interest expense of $8,000; and income tax expense of $28,000. All sales were made for cash and all expenses (other than depreciation and bond premium amortization of $2,000) were paid in cash. All current assets and current liabilities remained unchanged. How much cash was provided by operations for Brown Company during 2011?

A) $44,000
B) $69,000
C) $67,000
D) $71,000