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How much cash was provided by operating activities

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Question - Justice Corporation's net income for the current year was $510,000. Depreciation recorded on plant assets was $76,000. Accounts receivable and inventories increased by $40,000 and $16,000, respectively. Supplies and accounts payable decreased by $2,000 and $32,000, respectively. A $500,000 convertible bond was retired through the issuance of common stock. How much cash was provided by operating activities?

A. $464,000.

B. $672,000.

C. $500,000.

D. $480,000.

Reference no: EM132497217

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