The net income for the year ended December 31, 2015, for Oliva Company was $1,900,000. Additional information is as follows: $\begin{array}{lc}
\text { Depreciation on plant assets } & \$ 600,000 \
\text { Amortization of leasehold improvements } & 340,000 \
\text { Provision for doubtful accounts on short-term receivables } & 120,000\
\text { Provision for doubtful accounts on long-term receivables } & 100,000 \
\text { Interest paid on short-term borrowings } & 80,000 \
\text { Interest paid on long-term borrowings } & 60,000
\end{array}$ Based solely 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, 2015?
A) $2,960,000.
B) $3,060,000.
C) $3,040,000.
D) $3,200,000.

Question

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The Answer of The net income for the year ended December 31, 2015, for Oliva Company was $1,900,000. Additional information is as follows: $\begin{array}{lc}
\text { Depreciation on plant assets } & \$ 600,000 \
\text { Amortization of leasehold improvements } & 340,000 \
\text { Provision for doubtful accounts on short-term receivables } & 120,000\
\text { Provision for doubtful accounts on long-term receivables } & 100,000 \
\text { Interest paid on short-term borrowings } & 80,000 \
\text { Interest paid on long-term borrowings } & 60,000
\end{array}$ Based solely 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, 2015?
A) $2,960,000.
B) $3,060,000.
C) $3,040,000.
D) $3,200,000.

The Net Income for the Year Ended December 31, 2015