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  3. cashco reported net income of $340,000 for the yea

CashCo reported net income of $340,000 for the year. Included in the computation of net...

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Accounting

CashCo reported net income of $340,000 for the year. Included in the computation of net income were: depreciation expense, $60,000; amortization of a patent, $32,000; income from an investment in common stock of Brett Inc., accounted for under the equity method, $48,000; and amortization of a bond discount, $12,000. CashCo also paid an $80,000 dividend during the year. (look at the chart in the text) The net cash provided by operating activities would be reported at:

a. $204,000.

b. $284,000.

c. $316,000.

d. $396,000.

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