Depreciation recorded on plant assets was 35000 accounts

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The net income reported on the income statement for the current year was $220,000. Depreciation recorded on plant assets was $35,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and accounts payable decreased by $2,000 and $12,000 respectively. How much cash was provided by operating activities?

A) $200,000

B) $235,000

C) $220,000

D) $255,000

Reference no: EM13388472

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