Operating activities using indirect method

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Reference no: EM13915269

Scranton, Inc. reports net income of $254,000 for the year ended December 31. It also reports $98,100 depreciation expense and a $6,200 gain on the sale of equipment. Its comparative balance sheet reveals a $40,300 decrease in accounts receivable, a $18,150 increase in accounts payable, and a $14,100 decrease in wages payable. Calculate the cash provided (used) in operating activities using the indirect method.

a $292,450.

b $353,950.

c $396,450.

d $418,450.

e $390,250.

Reference no: EM13915269

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