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  3. gryphyn ltd reported net income of $85,000 for the

Gryphyn Ltd reported net income of $85,000 for the year. During the year, accounts receivable...

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Accounting

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Gryphyn Ltd reported net income of $85,000 for the year. During the year, accounts receivable decreased by $6,000, inventory increased by $4,000, accounts payable increased by $3,000, there were no gains or losses, and depreciation expense of $5,000 was recorded. Using the indirect method, cash provided by operating activities for the year is Select one: a. $95,000 b. 579,000 C. $89,000 d. $74,000

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