The Information Below Was Obtained from the Financial Statements of Faraday

Multiple Choice

The information below was obtained from the financial statements of Faraday Corp.Based on this information,what was the amount of the net cash provided by operating activities during the current year? $\begin{array}{lrr} & \text { Prior Year } & \text { Current Year } \\\text { Net Income } & \$ 500,000 & \$ 655,000 \\\text { Depreciation Expense } & 60,000& 72,000 \\\text { Accounts Receivable } & 89,000& 78,000 \\\text { Inventory } & 116,000 & 142,000 \\\text { Accounts Payable } & 120,000& 117,000 \\\text { Salaries and Wages Payable } & 56,000 & 68,000\end{array}$

A) $713,000
B) $721,000
C) $661,000
D) $637,000