Freeman Company's accounting records include the following information: $\begin{array}{lr}
\text { Payments to suppliers } & 50,000 \
\text { Collections on accounts receivable } & 90,000 \
\text { Cash sales } & 20,000\
\text { Income taxes paid }&5,000\
\text { Equipment purchased }&15,000
\end{array}$ What is the amount of net cash provided by operating activities indicated by these transactions?
A) $40,000.
B) $45,000.
C) $55,000.
D) $60,000.

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$\begin{array}{lr}
\text { Cash } & 55,000 \
 \text { Accounts payable } & 50,000 \
\text { Income taxes payable } & 5,000\
\text { Accounts receivable } & 90,000 \
\text { Sales revenue } & 20,000
\end{array}$ The purchase of equipment is an investing activity.

Freeman Company's Accounting Records Include the Following Information What Is the Amount of Net Cash Provided by Operating