What is the net cash provided by operating activities

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Question - In its first year of operations the Company reported net income of $257,000. Total sales, all on account, amounted to $486,000, and collections of receivables during the year totaled $396,500. The Company uses the allowance method in accounting for bad debts expense and during the year recorded bad debt expense of $21,000. Based on these facts alone, what is the net cash provided by operating activities?

a. $146,500

b. $325,500

c. $236,000

d. $188,500

Reference no: EM133091005

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