Reference no: EM131717364

Question - For the year ending December 31st 2014 Martha company reports Net income of 23,000 and depreciation expense of 7,000. The Income tax expense for the year ending December 31, 2014 is 20,000

                                                        December 31,  2013          December 31,  2014

Cash                                                   25,000                           16,000

Accounts Recievable                             25,000                           45,000

Inventories                                          60,000                           100,000

fixed Assets                                         330,000                          330,000

Accumulated Depreciation                     110,000                          101,000

Accounts Payable                                 6,000                              74,000

Wages Payable                                    4,000                               25,000

What is the net cash provided (used) by operating activities for the year ended December 31st 2014.  Assume the indirect method is used

A. 23,000

B. 69,000

C. 59,000

D. (20,000)