The Net Income Reported on the Income Statement of Hutchins

Multiple Choice

The net income reported on the income statement of Hutchins Company for the current year was $1,360,000.Depreciation recorded on plant assets was $257,000.Accounts receivable and inventories increased by $72,000 and $48,000, respectively.Prepaid expenses and accounts payable decreased by $6,000 and $66,000, respectively.How much cash was provided by operating activities during the year?

A) $1,380,000.
B) $1,500,000.
C) $1,437,000.
D) $1,797,000.