Find the net cash provided by operating activities

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Question - Waterway Industries reported net income of $472000 for the year ended 12/31/18. Included in the computation of net income were: depreciation expense, $60800; amortization of a patent, $32400; income from an investment in common stock of Pharoah Company, accounted for under the equity method, $47000; and amortization of a bond discount, $11300. Waterway also paid an $80400 dividend during the year. Find the net cash provided by operating activities?

a) $449100.

b) $336300.

c) $529500.

d) $416700.

 

Reference no: EM132592353

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