Amy Corporation's Income Statement Showed the Following: Net Income, $72,000;depreciation

Multiple Choice

Amy Corporation's income statement showed the following: net income, $72,000;depreciation expense, $8,000; and gain on sale of plant assets, $6,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $5,700; merchandiseinventory increased $8,000; prepaid expenses decreased $2,100; accounts payable increased $1,700. Calculate the net cash provided or used) by operating activities.

A) $71,800.
B) $75,500.
C) $82,500.
D) $68,800.
E) $66,500.