Trenton Reports Net Income of $230,000 for the Year Ended

Multiple Choice

Trenton reports net income of $230,000 for the year ended December 31,Year 2.It also reports $87,700 depreciation expense and a $5,000 gain on the sale of equipment.Its comparative balance sheet reveals a $35,500 decrease in accounts receivable,a $15,750 increase in accounts payable,and a $12,500 decrease in wages payable.Calculate the new cash provided (used) in operating activities using the indirect method.

A) $376,450.
B) $351,450.
C) $356,450.
D) $319,950.
E) $263,750.