Alkine Company's Comparative Balance Sheet Appears Below: Alkine Reported

Multiple Choice

Alkine Company's comparative balance sheet appears below: Alkine reported the following net income for the year: Dividends were declared and paid during the year. A gain of $8,000 was recorded on the sale of the long-term investments. The company did not purchase any long-term investments or dispose of any property, plant, and equipment during the year. It also did not issue any bonds payable or repurchase any of its own common stock.
-The net cash provided (used) by operating activities would be:

A) $45,200
B) $60,000
C) $37,200
D) $55,200