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During 2020 the Cullumber Company had a net income of $85200. In addition, selected accounts showed the following changes:
Accounts Receivable $3400 increaseAccounts Payable 800 increaseBuildings 4100 decreaseDepreciation Expense 1700 increaseBonds Payable 8400 increase
Problem 1: What was the amount of cash provided by operating activities?
Option 1: $84300.
Option 2: $85200.
Option 3: $86900.
Option 4: $95400.
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