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What is amount of net cash provided by operating activities

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Reference no: EM132605782

Alpha Company had the following account balances for 2021:

                                                      Dec. 31                     Jan. 1

Accounts receivable                   $40,000                  $31,000

Accounts payable                         53,000                   58,000

Question 1: Alpha reported net income of $220,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows?

Option 1: $206,000.

Option 2: $234,000.

Option 3: $216,000.

Option 4: $224,000.

Reference no: EM132605782

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