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What should be the net cash provided by operating activities

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Question - The net income for the year ended December 31, 2007, for Tax Consultants Inc. was $720,000. Additional information is as follows:

Capital expenditures - $1,200,000

Depreciation on plant assets - 450,000

Cash dividends paid on common stock - 180,000

Increase in noncurrent deferred tax liability - 45,000

Amortization of patents - 21,000

Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2007?

a. $1,056,000.

b. $1,146,000.

c. $1,191,000.

d. $1,236,000.

Reference no: EM131790613

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