Minear Company Reported Net Income of $450,000 for the Year

Multiple Choice

Minear Company reported net income of $450,000 for the year ended 12/31/15. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; income from an investment in common stock of Brett Inc., accounted for under the equity method, $48,000; and amortization of a bond discount, $12,000. Minear also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at

A) $506,000.
B) $426,000.
C) $394,000.
D) $314,000.