The Net Income Reported on the Income Statement for the Current

Multiple Choice

The net income reported on the income statement for the current year was $240,000.Depreciation was $52,000.Accounts receivable and inventories decreased by $5,000 and $15,000, respectively.Prepaid expenses and accounts payable increased, respectively, by $500 and $14,000.Investments were sold at a loss of $20,000.How much cash was provided by operating activities?

A) $307,500.
B) $317,500.
C) $345,500.
D) $258,500.