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How much cash was provided by operating activities

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Question - A company had net income of $188,000. Depreciation expense is $33,000. During the year, Accounts Receivable and Inventory increased $20,000 and $42,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $2,000. How much cash was provided by operating activities?

A. $163,000

B. $159,000

C. $287,000

D. $217,000

Reference no: EM132085494

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