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The net income reported on the income statement for the current year was 3,200,000. Depreciation...

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Accounting

The net income reported on the income statement for the current year was 3,200,000. Depreciation was 500,000. Account receivable and inventories decreased by 100,000 and 300,000, respectively. Prepaid expenses and accounts payable increased, respectively, by 10,000 and 80,000. How much cash was provided by operating activities? 3,810,000 4,170,000 4,010,000 4,090,000 Is accumulated and reported as a contra-asset on the statement of financial position. Is recognized as a way to accumulated cash for the eventual replacement of assets.

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