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  3. 109 a company's income statement showed the follow

109 A company's income statement showed the following: net income, $120,000; depreciation expense, $33,000; and...

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109 A company's income statement showed the following: net income, $120,000; depreciation expense, $33,000; and gain on sale of plant assets, $7,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,000; merchandise inventory increased $21,000; prepaid expenses increased $6,800; accounts payable increased $4,000. Calculate the net cash provided or used by operating activities. Skipped Multiple Choice $150,600. $143,800. $145,800. $132,200. $171,800

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