How much cash was provided by operating activities

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Problem 1: The net income reported on the income statement for the current year was $211000. Depreciation was $46000. Accounts receivable and inventories decreased by $4000 and $13000, respectively. Prepaid expenses and accounts payable increased, respectively, by $400 and $12000. Investments were sold at a loss of $20800. How much cash was provided by operating activities?

Option 1: $306400.

Option 2: $228400.

Option 3: $270400.

Option 4: $279400.

Reference no: EM132957248

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