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The net income reported on the income statement for the current year was $242000. Depreciation was...

The net income reported on the income statement for the current year was $242000. Depreciation was $39600. Account receivable and inventories decreased by $12300 and $34900, respectively. Prepaid expenses and accounts payable increased, respectively, by $1200 and $8300. How much cash was provided by operating activities?

$307000

$319300

$292700

$335900

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Answer #1

Statement of cash flows (PARTIAL)

                                              Particulars

     $

       $

Cash flow from Operating Activities

Net income

242000

Add: Adjustments to reconcile net income to net cash provided by operating activities

          Depreciation expense

39600

Changes in current operating assets and liabilities:

Accounts receivable decrease

12300

Inventory decrease

34900

Prepaid expenses increase

 - 1200

Accounts payable increase

8300

Net cash provided by Operating Activities

$335900

Fourth option is correct.

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