A company's income statement showed the following: net income,$124,000 and depreciation expense,$30,000.An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400;merchandise inventory increased $18,000;and accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.
A)$118,000.
B)$159,200.
C)$123,200.
D)$148,800.
E)$178,000.

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The Answer of A company's income statement showed the following: net income,$124,000 and depreciation expense,$30,000.An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400;merchandise inventory increased $18,000;and accounts payable increased $3,400.Calculate the net cash provided or used by operating activities.
A)$118,000.
B)$159,200.
C)$123,200.
D)$148,800.
E)$178,000.

A Company's Income Statement Showed the Following: Net Income,$124,000 and Depreciation