During the Year,Samuels Company Reported Net Income of $300,000,including Amortization

Multiple Choice

During the year,Samuels Company reported net income of $300,000,including amortization of intangible assets of $66,000,depreciation of plant assets of $132,000,and amortization of premium on investment in bonds of $20,000.Applying the indirect method,cash provided by operating activities is what amount?

A) $300,000
B) $518,000
C) $478,000
D) $498,000