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)$148,800.
B)$178,000.
C)$159,200.
D)$118,000.
E)$123,200.

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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)$148,800.
B)$178,000.
C)$159,200.
D)$118,000.
E)$123,200.

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