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hapters 8-13) 2 hours G Saved Help Save & Exit S A company's income statement...

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Accounting

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hapters 8-13) 2 hours G Saved Help Save & Exit S A company's income statement showed the following: net income, $125,000; depreciation expense, $35,500; and gain on sale of plant assets, $9,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,500, merchandise inventory increased $23,500; prepaid expenses increased $7,300; accounts payable increased $4,500. Calculate the net cash provided or used by operating activities. Multiple Choice $147,800. $135,200

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