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Question(s) / Instruction(s):

A company's income statement showed the following: net income, $125,000; depreciation expense, $30,500; and gain on sale of plant assets, $14,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,500; merchandise inventory increased $18,500; prepaid expenses decreased $6,300; accounts payable increased $3,500. Calculate the net cash provided or used by operating activities.

a)            $167,800.

b)            -$146,600.

c)            $141,800.

d)            -$156,300.

e)            $139,800.

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