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Question(s) / Instruction(s):

A companys income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the companys current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities.

a)            $139,000.            

b)            $141,000.            

c)            $145,800.            

d)            $155,000.            

e )           $167,000.

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