Wessen Company Reports Net Income of $180,000 for the Year

Multiple Choice

Wessen Company reports net income of $180,000 for the year ended December 31,2010.It also reports $45,800 depreciation expense,$21,410 amortization expense and a $15,000 gain on the sale of machinery.Its comparative balance sheets reveal a $28,300 increase in accounts receivable,$20,400 decrease in accounts payable,$10,470 increase in prepaid expenses,and $33,140 decrease in wages payable.What is the net cash flows provided (used) by operating activities using the indirect method?

A) ($140,200)
B) $133,490
C) $139,900
D) ($133,490)
E) $78,300