Chino Company Reported Net Income of $20,000 for the Current

Multiple Choice

Chino Company reported net income of $20,000 for the current year.During the year,Inventory decreased by $7,000,Accounts Payable decreased by $8,000,Depreciation Expense was $10,000,and Accounts Receivable increased by $6,500.If the indirect method is used,what is the net cash provided by operating activities?

A) $10,500
B) $22,500
C) $38,500
D) $51,500