During 2015, Orton Company Earned Net Income of $464,000 Which

Multiple Choice

During 2015, Orton Company earned net income of $464,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below: $$\begin{array} { l r l r } { \text { Increases } } && { \text { Decreases } } \\\text { Accounts payable } & \$ 45,000 & \text { Accounts receivable } & \$ 12,000 \\\text { Inventory } & 36,000 & \text { Accrued liabilities } & 24,000 \\\quad \text { Prepaid insurance } & 33,000 & &\end{array}$$ Based upon this information what amount will be shown for net cash provided by operating activities for 2015?

A) $572,000
B) $545,000
C) $365,000
D) $347,000