A Company's Income Statement Showed the Following: Net Income, $134,000;

Multiple Choice

A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

A) $96,600.
B) $141,000.
C) $88,600.
D) $156,600.
E) $148,600.