A Company's Income Statement Showed the Following: Net Income,$124,000; Depreciation

Multiple Choice

A company's income statement showed the following: net income,$124,000; depreciation expense,$30,000; and gain on sale of plant assets,$14,000.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 decreased $6,200; accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.

A) $139,000.
B) $141,000.
C) $145,800.
D) $155,000.
E) $167,000.