Jarvis, Inc What Is the Amount of Cash Provided by Operating Activities

Multiple Choice

Jarvis, Inc. reported net income of $44,000 for the year ended December 31, 2015 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. Each of the following accounts increased during 2015: $$\begin{array} { l l } \text { Accounts receivable } & \$ 2,200 \\\text { Inventory } & \$ 4,500 \\\text { Prepaid rent } & \$ 6,800 \\\text { Available-for-sale securities } & \$ 1,000 \\\text { Accounts payable } & \$ 5,000\end{array}$$ What is the amount of cash provided by operating activities for Jarvis, Inc. for the year ended December 31, 2015?

A) $41,200
B) $43,900
C) $32,200
D) $42,200